Harbert Management Corporation, an alternative asset management firm, has held a final close for its sixth U.S. real estate fund.
Harbert United States Real Estate Fund VI (HUSREF VI), which invests in real estate assets with value-add potential across major markets in the United States, announced new equity commitments of approximately $428.5 million.
This closing, which includes significant institutional investors from across the United States and Europe, represents the largest close for a Harbert real estate fund to date, surpassing the approximate $407 million raised for Harbert United States Real Estate Fund V. Globally, Harbert has approximately $5.3 billion of regulatory assets under management as of Nov. 30, 2017, which includes approximately $2.5 billion in committed equity across its U.S. and European real estate funds.
HUSREF VI has already invested and committed approximately $332 million across 23 transactions, creating a geographically diverse port
