Kennedy Wilson raises $159m for newly launched fifth fund

Kennedy Wilson has raised $158.5 million for its newly launched Kennedy Wilson Real Estate Fund V, according to a filing with the SEC. The filing did not disclose a fundraising goal.

The fund’s predecessor closed in June 2013 after raising $303 million. At the time of its closing, Fund IV had put together a portfolio of 26 investments throughout the western United States diversified across property types, including multifamily, office, retail and residential properties. Kennedy Wilson co-invested $15 million into Fund IV, alongside investors from the United States, Europe and the Middle East, including pension funds, university endowments and family offices.

Founded in 1977 as a real estate auction business, Kennedy Wilson now provides a diversified array of real estate investments and services in