Mesirow Financial raises $567m

The Chicago-headquartered investment firm completed the fundraising of its third US-focused value-add vehicle.

Mesirow Financial has corralled $567 million and announced the final closing of its Mesirow Financial Real Estate Value Fund III.

The fund, managed by Mesirow Financial’s Real Estate – Direct team, will put its primary focus on the multifamily properties and target student housing sector in the US.

The managing team will expect to make $1.6 billion in real estate acquisitions with the fund.