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Kennedy Wilson closes on $775m for sixth real estate fund
Fundraising - DECEMBER 23, 2019

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Kennedy Wilson closes on $775m for sixth real estate fund

by Kali Persall

California-based Kennedy Wilson has raised $775 million for its Kennedy Wilson Real Estate Fund VI, exceeding its fundraising target, the firm announced Dec. 23.

The fund is the largest private placement in the company’s 31-year history and is 55 percent larger than its predecessor fund, Kennedy Wilson Real Estate Fund V, which closed in February 2016 with $500 million in capital commitments. Kennedy Wilson Real Estate Fund IV closed in 2013 with $303 million.

Investors in the latest fund, which was launched in July 2017, include private wealth management offices, public and corporate pension funds, and family offices. Kennedy Wilson committed $82 million to the fund.

The fund has added roughly $400 million since November, when it had

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