PCCP raises $486m for new real estate fund
PCCP, a real estate investment manager, has raised $486 million for its newest real estate fund, PCCP Equity VIII, according to a filing with the SEC. PCCP did not comment on its fundraising efforts.
PCCP Equity VIII is an opportunistic fund that targets office, multifamily, retail and industrial assets across the United States.
The predecessor fund, PCCP Equity VII, held a $601 million final close in August 2016, surpassing its $500 million equity fundraising target.
To date, PCCP has raised, invested and managed more than $12 billion of institutional capital.