Long Wharf fund holds $438m final close
Long Wharf Real Estate Partners has held a final close of its latest fund, raising $438 million in equity commitments for Long Wharf Real Estate Partners V. The fundraising haul was in excess of the U.S.-focused value-added fund’s $350 million fundraising target.
Boston-based Long Wharf launched the fund in first quarter 2015. The vehicle will have a similar strategy to the fund’s predecessor funds, with investments diversified across property sectors and geographies in the United States.
Investors in the Long Wharf Real Estate Partners V include the Illinois Municipal Retirement Fund, which allocated $30 million in July 2016; the Municipal Fire and Police Retirement System of Iowa, which