Abacus Capital Group nears $500m fundraising target for multifamily fund

Abacus Capital Group is nearing its $500 million fundraising target for its latest multifamily-focused real estate fund. The firm has raised $484.49 million for Abacus Multi-Family Partners IV, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Abacus Multi-Family Partners IV will target select markets in the United States and will acquire existing multifamily real estate assets with the intention of implementing a value-add property improvement plan, as well as develop new multifamily real estate assets.

The fund has received commitments from multiple investors, including $50 million from the $31.3 billion Indiana Public Retirement System, $75 million from the $28.4 billion