Clifton Partners has announced a final close of Clifton Heritage Partners I with $258 million in equity. The fund closed on June 20, according to a statement by the firm.
Clifton Heritage Partners I is a value-add real estate fund that targets commercial properties in Singapore. According to the firm, the fund secured investments from global institutions, including pensions, insurance companies, foundations, endowments and family offices.
Clifton Partners is a real estate investment firm that specializes in the Singapore property market. The firm targets conservation shophouses that focus on cultural heritage and functionality. The firm manages a portfolio of more than $2 billion.
Hodes Weill served as the placement agent for the fund.
