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Fundraising - JANUARY 25, 2023

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Harbor Group International locks in $1.6b for Multifamily Credit Fund

by Kali Persall

Harbor Group International (HGI), a privately owned international real estate investment and management firm, has captured $1.6 billion in capital commitments for its Multifamily Credit Fund.

The Multifamily Credit Fund seeks to invest in U.S. multifamily credit opportunities, including senior mortgage loans, Freddie Mac K-series bonds, preferred equity and mezzanine debt investments, and investments in securitized multifamily mortgage products.

CPPIB Credit Investments III Inc., a wholly-owned subsidiary of CPP Investments, contributed $585 million of capital to the fund, marking CPP Investments’ third investment with HGI since 2019.

In 2020, CPP Investments served as the lead investor in HGI’s multifamily whole loan platform, committing $110 million. In 2019, CPP Investments committed $180 million to HGI's Freddie Mac Supplemental Loan program.

“We are thrilled to continue our relationship with CPP Investments through this partnership as our lead

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