Almanac raises $2.26bn

The New York-based firm has held a final close on its largest private equity real estate vehicle.

Almanac Realty Investors has closed its Almanac Realty Securities VIII and its sidecar co-investment vehicle at a total of $2.26 billion, surpassing its initial fundraising target of $1.5 billion.

The fund will follow the series’ investment strategy of investing growth capital into private and public real estate companies in the United States.