HQ Capital Real Estate, an independent investment manager for alternative investments, has raised $108.2 million for its third opportunity fund, according to IREI’s FundTracker database and market sources. HQ Capital did not comment on its fundraising efforts.
RECAP Opportunity Fund III continues to pursue the primary strategy of the firm’s prior opportunistic funds by making investments in joint venture ground-up development and select value-add acquisitions of multifamily rental properties located in growth-oriented markets throughout the United States.
The second fund in the series, RECAP Opportunity Fund II, held a final close in August 2017 with $152 million, exceeding its target fundraising amount.
HQ Capital manages more than $11.3 billion in assets.
