Fundraising - SEPTEMBER 18, 2014

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Rockpoint core-plus fund holds $950m close

by Andrea Waitrovich

Rockpoint Group has closed its Core Plus Fund I with $950 million in equity commitments. The fund has a lower-risk, longer-term strategy for U.S. real estate investments than other Rockpoint funds. The firm launched its vehicle in December 2013.

With a core-plus investment mandate, the fund’s investments will be focused on stabilized commercial real estate assets with strong existing cash flows and less capital-intensive business plans than typically found within Rockpoint’s opportunistic investment funds. The fund will primarily focus on equity investments in office and multifamily assets within the United States, although debt origination, preferred equity or debt acquisitions may be included, as well as, to a lesser extent, other stabilized institutional-quality assets.

Rockpoint has historically sponsored opportunistic funds, having raised more than $8 billion of equity capital for these funds since 2003, including i

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