JULY 10, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Bridge Investment raises $482 million for opportunity fund

by Ross Dohrmann

Bridge Investment Group Partners has held a $482 million close for its second opportunistic fund, Real Estate Opportunity Capital Fund II (ROC II). The figure surpasses the initial goal of $375 million, but is still under the hard cap of $500 million.

ROC II will hold its final close on, or before, Sept. 30, 2013, confirms Dean Allara, COO and managing director of capital markets at Bridge Investment.

Investors in the fund include a number of endowments, foundations, public and private pensions, funds of funds, family offices, and high-net-worth individuals.

Since March 2013, ROC II has deployed roughly $250 million of capital in multifamily and office space across the United States. ROC II is targeting multifamily and office acquisitions on a select opportunistic basis.

ROC II is the second fund in a series. ROC I launched in 2009, closing with $137 million in June 2010. ROC I invested

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy