Keystone National Group raises $176m for lending fund

Keystone National Group, a private markets investment firm based in San Ramon, Calif., has raised $176 million for Keystone Real Estate Lending Fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Keystone Real Estate Lending Fund is a closed-end real estate fund that will invest in multifamily and single-family properties throughout the United States. The fund launched in 2015.

Keystone’s real estate platform is primarily focused on lending, acquisition and development. Keystone-managed funds and separate accounts have purchased more than 600 single-family residences primarily to generate rental income and have acquired several thousand apartment units across many states.