Almanac Realty Investors holds $2.2b final close

Almanac Realty Investors, the private real estate arm of Neuberger Berman, has held a final closing for its latest fund, Almanac Realty Securities IX (ARS IX), with more than $1.9 billion raised in discretionary commitments, plus an additional $300 million in equity commitments to non-discretionary sidecar co-investment vehicles.

Consistent with prior vintages, ARS IX will primarily seek private investments of growth capital into private and public real estate companies to capitalize on the continued shift of real estate ownership to integrated entities. ARS IX succeeds eight previous funds in the strategy, which combined have committed over $7.3 billion across 50 companies.

“The Almanac team is pleased with the closing of ARS IX,” said Matt Kaplan, head of Almanac. “Even in an uncertain environment, we continue to identify strong investment opportunities with proven real estate entrepreneurs who can profitably utilize long-term, flexible capital to pursue their