The US real estate investment firm has attracted Asian capital for the first time in the 13-year history of the fund series.
The investment manager has raised an initial £140m of investor capital and is targeting £500m for its latest UK lending vehicle.
The alternatives giant's vehicle would be the second-largest pot of capital dedicated to the strategy so far.
The investment management business of US insurer Prudential Financial raised $1.1bn of equity for its European Value Partners II vehicle after generating a strong performance from its predecessor.
The amount of private real estate capital raised in the first half of the year fell by a third compared with H1 2020.
The Maryland-based firm completed the capital raise for Fund V at an expedited pace relative to its predecessor, despite the pandemic.
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Landmark Real Estate Partners IX would overtake its 2018-vintage predecessor as the largest secondaries fund raised in the asset class.
A logistics center
APG and GIC have committed $400m each to the vehicle, but the Singapore-based firm has thoughts on expanding its investor base.
The vehicle is the second private real estate offering that the Canadian real estate company has launched in less than a year.
The Boston-based residential real estate investment firm has closed multifamily credit funds totalling more than $3.3bn this year.

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