Abacus Capital Group raises $123m

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Abacus Capital Group has raised $123 million to date for its Abacus Multi-Family Partners IV, per a SEC filing. The New York-headquartered firm has set a $500 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $324 million in 2015.

The fund will target value added opportunities in multifamily/residential properties in the United States.