Harbert Management raises $346m

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Harbert Management has raised $346 million for its Harbert United States Real Estate Fund VI, according to a SEC filing. The Birmingham-headquartered firm began fundraising in 2015 with a $500 million target.

Its previous fund raised $407 million in 2014.

Investors that committed to Harbert United States Real Estate Fund VI include the Adams County Retirement Plan and the Arapahoe County Retirement System.

The fund will target value added opportunities in a diverse number of sectors in the United States.