Just closed: CBRE Group raises $609m

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CBRE Group has raised $609 million for its CBRE Strategic Partners U.S. Value 8, according to a SEC filing. The Los Angeles-headquartered firm began fundraising in 2016 with an undisclosed target.

Its previous fund raised $1.3 billion in 2015.

Investors that committed to CBRE Strategic Partners U.S. Value 8 include the Illinois Municipal Retirement Fund and the Arkansas Teacher Retirement System.

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