AG Europe Realty Fund III closes in on $1.2b target

New York–based alternative investment manager Angelo Gordon has raised more than half of its $1.2 billion target for its AG Europe Realty Fund III, securing $680 million in capital commitments.

The firm was unable to comment on its fundraising efforts.

In an October SEC filing, the fund manager reported it had raised $368 million from 28 investors. Investors include the Minnesota State Board of Investment, which committed $75 million in September, and Pennsylvania’s Public School Employees’ Retirement System (PSERS), which approved a $100 million commitment in July.

Minnesota previously committed $75 million to the fund, as well as a slew of other commitments totaling $400 million to other investment vehicles in Angel