A Form D has been filed with the SEC for the AG Realty Value Fund XI, a closed-end real estate debt investment vehicle managed by Angelo, Gordon & Co, valuing the fund at around $884 million.
AG Realty Value Fund XI will invest in distressed and underperforming properties primarily in the United States, with about 20 percent in Europe and Asia.
The filing notes that 58 investors have committed to the investment vehicle, including the Oklahoma Firefighters Pension & Retirement System, the Maine Public Employees Retirement System, the Teachers' Retirement System of Kentucky and the Abilene (Texas) Firemen's Relief and Retirement Fund. A fundraising target was not disclosed.
The firm did not comment on its fundraising efforts at the time of publication. For more information about this fund or others, please visit the
