Harrison Street raises $950m

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Harrison Street has raised $950 billion to date for its Harrison Street Real Estate Partners VI, reaching the fund's hard-cap.

The Chicago-headquartered firm has set a $950 million target and began fundraising in 2016.

About 65 investors committed to the fund, including New Mexico Public Employees Retirement Association, which earmarked $75 million, and Texas County and District Retirement System and San Francisco Employees’ Retirement System, which each allocated $50 million.

The fund will target opportunistic strategy across a diverse of sectors in North America.