Angelo, Gordon & Co. has launched a third real estate debt opportunities fund, according to an SEC Form D filed on May 6.
The AG Commercial Real Estate Debt Opportunities Fund III has already collected $154.7 million in capital commitments from seven investors. An equity fundraising target was not disclosed.
The move comes less than a year after Angelo Gordon launched the fund’s predecessor, the AG Commercial Real Estate Debt Opportunities Fund II, which collected $165 million from 30 investors outright.
Angelo Gordon acquires underperforming assets in the United States, Europe and Asia and follows a value-add investment strategy. The real estate debt opportunities fund series focuses on debt and commercial mortgage-backed securities (CMBS) investm
