The Meridian Group has raised $144 million for its third real estate fund, Meridian Realty Partners III, a document filed with the SEC reveals.
According to the form, 14 investors have committed to the closed-end fund to date, which will invest in value-added and opportunistic real estate in the United States, like its predecessor funds.
Launched in April, the investment vehicle is targeting $400 million in capital commitments.
The previous fund in the series, Meridian Realty Partners II, closed in 2017 just shy of its $250 million fundraising target, with $232 million in capital commitments.
