Almanac Realty raises $1.12b for real estate securities fund

Almanac Realty Investors, a real estate advisory firm based in New York City, has raised $1.12 billion for Almanac Realty Securities VIII, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Almanac Realty Securities VIII is a value-added real estate vehicle that makes growth-capital investments into real estate operating companies, often in a structured or debt format, primarily in the United States.

Investments in the fund have included a $60 million commitment from the Ohio Police & Fire Pension Fund and a $75 million commitment from the New Mexico State Investment Council.

The fund’s predecessor, Almanac Realty Securities VII, held a $1.42 billion final close in June 2015, exceeding its $1 billion equity fundraising target. Approximately $1.26 billion was raised for the main fund, plus an additional $160