Fundraising - MAY 11, 2021

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Harbert United States Real Estate Fund VII raises $521m in final close

by Kali Persall

Harbert United States Real Estate Fund VII, a U.S. real estate strategy, sponsored by Harbert Management Corp., has completed a final close with $521 million in capital commitments, including co-investment capital.

The fund recently added $96 million in new equity commitments and included institutional investors from across the United States and Europe.

“The success of this fundraise and the quality of the investor base highlights the strength of the investment team and the depth of supporting infrastructure,” said Travis Pritchett, president and COO of HMC. “We are grateful for the trust that a growing number of institutions have placed in HMC.”

According to HMC, HUSREF VII focuses on primary markets with strong job growth, diversified economies and a depth of institutional ownership. The fund has already invested $315 million in equity across 12 investments creating a diverse portfolio of industrial, multifamily, office and retail assets.


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