Investors - OCTOBER 10, 2012

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CarVal holds $205 million final close

by Andrea Waitrovich

CarVal Investors has closed its CVI Real Estate Value Fund III (RVF III) with $205 million of equity commitments. Like its predecessors, the value-added fund will invest in hospitality, industrial, mixed-used, multifamily and office opportunities in North America.

The fund closed with a partial equity investment in a warehouse portfolio funded by the firm’s parent company, Cargill.

“Our intent with RVF III was to close a smaller, targeted fund with a shorter investment period, which allows us to work closely with our investors to quickly capitalize on the unique opportunities we’re seeing in this market cycle,” says Robert Perry, senior managing director at CarVal Investors.

CarVal Investors expects to be in the market in 2013 with an additional product offering for commercial real estate.

RVF III’s predecessors are both fully invested. North American Rea

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