AEW holds $615m final close for opportunistic real estate fund
AEW Capital Management has held a $614.85 million final close for AEW Partners Real Estate Fund VIII, according to the IREI FundTracker database. The fund officially closed on April 20.
The firm’s existing clients made commitments to the fund series, comprising more than 70 percent of the total capital commitments.
AEW Partners Real Estate Fund VIII is an opportunistic real estate fund that invests in assets throughout the United States.
The fund’s predecessor, AEW Partners VII, held a $565 million final close.
AEW provides real estate investment management services to investors worldwide. Currently, AEW manages $70.3 billion of real estate assets and securities.