Newsline

LaSalle Investment Management has grown an existing mandate within its direct U.K. Custom Accounts business through a further capital allocation of more than £300 million ($404 million). The additional commitment, made by a longstanding local authority pension fund client, will take total assets under management across the client’s portfolios to £1 billion ($1.35 million) once the capital is fully deployed.

Ares Management Corp. has held a final close for its Japan Logistics Development Partners V (JDP V), the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion ($4 billion), including LP equity commitments and a GP commitment, JDP V closed at its hard cap and is nearly 50 percent larger than its 2021-vintage predecessor, JDP IV.

Mapletree Investments Pte. Ltd. has secured more than $500 million in equity commitments for the first close of its emerging Asia logistics development strategy.

BridgeInvest, an investment manager specializing in senior-secured real estate credit, has closed a substantial equity raise for its latest discretionary fund, BridgeInvest Specialty Credit Fund V LP (Fund V).

Nuveen and Nuveen Green Capital (NGC), a Nuveen affiliate and provider of sustainable commercial real estate financing solutions with more than $6 billion in AUM, have held a first close.

Landmark Properties has announced the initial closing of Landmark Realty Partners II, LP (LRP II) with approximately $140 million of aggregate capital commitments. The fund is seeking $500 million of total commitments and will invest in value-added real estate opportunities in the U.S. student housing sector.

Urban Partners has announced the first close of Urban Partners Credit II (UPC II), its latest real estate credit fund, marking a significant milestone for the firm’s expanding credit platform.

Machine Investment Group has held a final close for its Machine Real Estate Fund II (Fund II), the firm’s second flagship investment vehicle. Fund II reached its $350 million hard cap in primary commitments and has raised an additional $120 million in co-investments to date.

Broadview Real Estate Partners has held a final close for Broadview Real Estate Partners Fund II, raising $100 million. Investor interest in the fund exceeded capacity.

Real Capital Solutions (RCS) has launched the RCS Contrarian Office Fund, a private investment vehicle targeting class A and B office properties in primary and secondary U.S. markets experiencing financial distress.

Canyon Partners Real Estate has announced the final close of Canyon U.S. Real Estate Opportunity Fund, together with related entities and accounts (CREOF ). Commitments totaled approximately $570 million across the fund and associated accounts, surpassing the firm’s $500 million target.

Alpaca Real Estate (ARE) has held a final close of its inaugural vehicle, Alpaca Real Estate Fund (Fund I) with approximately $223 million in total capital commitments, inclusive of co-investments closed to date of approximately $21 million.

Blue Owl Capital has held a final close for its inaugural European net lease fund.

Fiera Real Estate UK Limited, the European real estate arm of Fiera Capital Corp., and Packaged Living, a U.K. rental living platform, are targeting a £1billion ($1.3 billion) U.K. single-family housing (SFH) portfolio, having recently completed a significant first close for their new U.K. SFH fund. This launch marks the next milestone in the continued growth journey of Fiera and Packaged Living’s U.K. Living strategies.

Mapletree Investments has launched its first China logistics fund denominated in Chinese renminbi (RMB), in partnership with China Life Capital.

Townsend has raised more than $2 billion of dedicated capital globally for its latest real estate secondaries strategy, putting the firm on a path toward its $3 billion target.

Interstate Equities Corp. (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, has held a final close for its IEC Institutional Fund VI (Fund VI) with $215 million in equity commitments. IEC assembled the fund in-house over the past year with an emphasis on efficiency rather than size in this opportunistic time in the real estate cycle.

SROA Capital (SROA), a vertically integrated, self-storage-focused real estate investment manager, has launched SROA Capital Fund X LP (together with its parallel vehicles, Fund X), its latest value-added investment vehicle dedicated to self-storage.

Mercia Asset Management PLC is raising a £500 million ($672 million) U.K. Real Estate Development Debt Fund focused on financing industrial and logistics projects.

Hines has held a first close for its Hines European Real Estate Partners IV.