Colony Capital raises $689m for debt fund
Colony Capital has raised $688.6 million for its Colony Distressed Credit and Special Situations Fund IV, according a filing with the SEC. The opportunistic debt fund focuses on multifamily, hotel, office, retail, industrial and land properties globally. The Kern County (Calif.) Employees’ Retirement Association and the Teachers’ Retirement System of Louisiana are recent investors in the fund. The fund launched in June 2015 and its targeting $2.5 billion.