CrossHarbor Capital raises $865m for opportunistic fund
CrossHarbor Capital Partners has held its final close on its 10th opportunistic vehicle, CrossHarbor Institutional Partners Fund 2021 (CIP 2021). The fund aggregated $865 million in total LP commitments, with an additional $55 million in co-investment capital already deployed. The total capital raised for CIP 2021 surpassed the $850 million target for the fund, with commitments from a combination of returning and new investors, including public and corporate pension plans, endowments, foundations, sovereign entities, financial institutions, and family offices.
“We are grateful for the continued support from our existing investor base, and we are pleased to welcome a number of new partners with this fund,” said William Kremer, managing partner and co-founder of CrossHarbor Capital Partners. “We believe the current market will create significant opportunities for our investors, with CrossHarbor well positioned to execute our strategy.”
CIP 2021 is a closed-end fu