Machine Investment Group closes inaugural fund with $312m

Machine Investment Group has closed its inaugural fund vehicle, Machine Real Estate Fund I, at $312.7 million of equity commitments.

The final close consisted of $245.7 million in primary commitments and $67 million in co-investments. The investor base included public and private pension funds, international investment managers, foundations, family offices, and limited private investors.

The fund has already deployed 67 percent of its committed capital, including co-investment.

“We appreciate the strong support of our limited partners at this transformative time for our firm," said Eric Rosenthal, managing partner and co-founder of Machine. "Launching a fund during a period of dislocation aligns well with our mandate to identify value-add and opportunistic investments across all commercial asset classes and capital stack positions. We believe we have assembled an attractive initial portfolio for our investors and continue to see tremendous opportunity within t