Just closed: Wheelock Street raises $409m

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Wheelock Street Capital has raised $409 million for its Wheelock Street Real Estate Fund V, according to a SEC filing. The Greenwich-headquartered firm began fundraising in 2016 with a $750 million target.

Investors that committed to Wheelock Street Real Estate Fund V include the New Jersey Division of Investment and the City of Phoenix Employees' Retirement System.

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