Raith Capital Partners has held a final close of Raith Real Estate Fund III with $539 million in total commitments (inclusive of co-invest).
The fund exceeded its target raise of $500 million due to strong support from existing limited partners as well as new investor demand for the opportunistic real estate strategy. The fund’s investors include private and public pension funds, asset managers and wealth managers.
Fund III intends to acquire assets that offer significant return potential through value creation while mitigating downside risk, leveraging the firm’s capital structure expertise, loan-to-own capabilities and existing operating platforms to identify and execute upon these opportunities. These investment activities are all supported by the firm’s in-house asset management team.
Evercore Group acted as global capital adviser and Goodwin Procter acted as legal adviser for the fund.
For more information about these commitments or other funds