At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.
The vehicle represents the firm's only real estate fund launch in the near term as it sits on $12bn of dry powder for the asset class.
The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.
Heim Global Investor is targeting a combined €1.6bn capital raise across its first two funds, one aimed at the UK and the other Europe.
NorthBridge's NB Partners Fund IV surpassed its target of $800m, and capital has been deployed to acquire 20 assets so far.
While its debut fund was backed mainly by family offices, the firm saw significant institutional support for Catalyst IOS Fund II.
Sculptor Diversified Real Estate Income Trust launched in 2023 amid a challenging year for private REITs.
The REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.
Momentum may be building in the fundraising space, but more managers are making concessions to get a slice of the action.
The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: