Redcar Properties raises $412m

The Santa Monica-based investment firm has closed its latest opportunistic vehicle.

  • Fund name: Redcar Fund I
  • Amount raised: $412 million
  • Target size: $350 million
  • Stage of fundraising: Final close
  • Final close date: February 2020
  • Time on the road: 1 year and 4 months
  • Legal adviser: Kirkland & Ellis
  • Placement agent: Evercore Group

Redcar Properties has closed Redcar Fund I at $412 million, above its $350 million target. The fund will invest in retail, office, multi-family and residential sectors in North America.