RCG Ventures has held a final close for Fund VIII above its target, securing $515 million in capital commitments.
The fund attracted commitments from new and existing investors, including endowments, pension funds, insurance companies and family offices.
RCG has invested in and managed multitenant retail properties for more than 20 years. Fund VIII will target value-add investments in shopping centers anchored by national retailers in high-growth markets.
“The successful close of Fund VIII is an endorsement of both our strategy and increasing institutional recognition of multitenant retail as an attractive investment opportunity,” said Michael Klump, founder and chairman of RCG Ventures and Argonne Capital. “We have focused exclusively on the multitenant retail sector for more than two decades and across multiple market cycles. We believe our deep track record and operating experience, vertically integrated platform, and long-standing relationships positio
