CBRE Investment Management (CBRE IM) has held a final close for its real estate secondaries fund, Real Estate Partners 2 (REP2). The fund raised $1.62 billion in capital commitments, surpassing its original $1.25 billion target and secured additional co-investment capital, bringing the overall investment capacity to more than $2.25 billion. This marks a significant milestone for CBRE IM’s flagship secondaries series and reflects strong investor demand for specialist real estate secondaries strategies at a pivotal moment in the market cycle.
REP2 is the latest in CBRE IM’s fund series focused on global real estate secondaries, building on a 15-year track record and more than $15.5 billion of transactions executed across the Indirect platform. The fund targets opportunistic returns by investing in high-quality, income-producing assets at a discount, leveraging CBRE IM’s global scale, proprietary research, and deep operator relationships to source and deliver value in comp
