Investors - OCTOBER 10, 2012

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

Sign in Start Your Free Trial Now View Purchase Options

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 Real

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