Macquarie Asset Management holds final close for global opportunistic real estate fund

Macquarie Asset Management (MAM) has held a final close of Macquarie Real Estate Partners (MREP), an opportunistic real estate fund with approximately $1.9 billion of equity to deploy under a global strategy.

MREP is the second vehicle in Macquarie Asset Management Real Estate’s opportunistic fund series, following the Asia Pacific opportunistic real estate partnership (MREP Asia 1), which held its final close in 2021 and is now deployed across developed markets in the region.

With a global mandate focused on predominantly developed markets, MREP has attracted $1.9 billion of equity to deploy across a combination of fund commitments and co-investment demand, from a strong contingent of institutions, including pension and sovereign wealth funds in Australia, Canada and the Middle East.

The series’ strategy leverages Macquarie Asset Management’s track record and experience investing in and partnering with specialist operators and aims to create a diversifie