Harbert fund raises $106m
Harbert Management Corp. has raised $106.3 million for its Harbert United States Real Estate Fund VI, according to a filing with the SEC. The fund is seeking to raise $500 million, according to IREI’s FundTracker database.
The fund series targets undervalued yet fundamentally sound apartment, office, retail and industrial real estate in primary and secondary cities. Harbert targets transactions typically between $20 million and $80 million, according to the manager’s website.
Harbert United States Real Estate Fund V, the fund’s predecessor, held a final close of $400 million in 2014, exceeding its $300 million equity fu