Angelo Gordon raises $130 million for net lease fund
Angelo, Gordon & Co. has raised approximately $130.2 million for its AG Net Lease Realty Fund III, according to a filing with the Securities and Exchange Commission. The filing is to believed to be a first closing, as an expected first close was scheduled to be held April 30, 2013.
AG Net Lease Realty Fund III launched in January 2013 with a $1 billion fundraising goal. A final close date was not disclosed. The fund will invest in CBD office, industrial and triple-net lease property opportunities in the United States.
The fund is part of the AG Net Lease Realty fund series managed by the Angelo Gordon Net Lease team. The debut fund AG Net Lease Realty Fund closed in 2007 with $160 million in capital. The core-plus fund is