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Angelo, Gordon & Co. raises $736m for real estate fund

by Zoë Wolff

Angelo, Gordon & Co. has raised $736.2 million for AG Realty Fund IX, according to multiple filings with the SEC.

The opportunistic fund launched in mid-2014 and is reportedly seeking $1.5 billion in equity. The fund series targets returns of approximately 20 percent by acquiring and developing properties in North America, Asia and Europe, as well as buying mortgages. AG Realty Fund VIII closed in 2012 after raising $1.3 billion.

Recent investors in the fund have included the

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