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Fundraising - NOVEMBER 23, 2020

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Breakthrough Properties raises $1b for life science real estate investments

by Andrea Zander

Breakthrough Properties, a joint venture formed in 2019 by Tishman Speyer and Bellco Capital, has completed the initial closings of the Breakthrough Life Science Property Fund. The venture has, in aggregate, raised over $1 billion in capital for the fund and in co-investments. Breakthrough is seeking additional capital, including for the perpetual life real estate investment vehicle that was created as part of the fund, to build a portfolio of world-class life science research properties.

The fund seeks to develop and acquire cutting edge lab facilities across leading biotechnology markets around the world.  The Breakthrough Properties team will leverage the market expertise and vast relationship networks of Tishman Speyer, Bellco Capital and the Breakthrough team to quickly scale a best-in-class portfolio and deliver full-service ecosystems to meet the evolving needs of life science innovators.

Supported by the firms’ combined resources, the fund intends to create

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