The Meridian Group raises $227m

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The Meridian Group has raised $227 million for its Meridian Realty Partners II, according to a SEC filing. The Bethesda-headquartered firm began fundraising in 2014 with a $250 million target.

Its previous fund raised $160 million in 2013.

Investors that committed to Meridian Realty Partners II include the City of Baltimore Fire & Police Retirement System.

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