Centerbridge Partners Real Estate Fund II closes fundraising at $2.3b

Centerbridge Partners Real Estate Fund II (CPREF II) has closed with $2.3 billion in capital commitments, significantly exceeding its original target of $1.5 billion.

The fund was backed by a diverse group of existing and new investors across the globe.

CPREF II will target thematic investment opportunities across self-storage and specialized storage, digital real estate, industrial and logistics, residential, and subsectors experiencing positive tailwinds as a result of shifting consumer behaviors. It will have a focus on leisure and experiential real estate.

Centerbridge has invested more than $10 billion of equity in real estate properties, companies, and loans and securities across its platform. The firm's real estate team currently manages roughly $3.2 billion in dedicated real estate assets.

“We continue to see real estate markets evolve, as technology accelerates demand for asset classes from logistics to digital real estate and impacts how compa