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Fundraising - JANUARY 19, 2018

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Goldman Sachs raises $6.7b for third fund

by Andrea Zander

Goldman Sachs has completed its final close for its latest real estate credit investment vehicle, Broad Street Real Estate Credit Partners III, with $6.7 billion in total capital now available to invest, including leverage.

Real Estate Credit Partners III is managed by the Real Estate Group in Goldman Sachs’ Merchant Banking Division (MBD). MBD’s Real Estate Group has raised more than $15 billion of commitments for investing in real estate credit since 2008.

Real Estate Credit Partners III will pursue the same investment strategy as its predecessors, focusing on direct originations of both senior and mezzanine loans secured by high-quality assets in major markets. The fund’s scale and flexibility allows an originate-and-hold lender, providing highly customized loans from $100 million to in excess of $500 million throughout the United States and Europe.

 

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