Fundraising - AUGUST 17, 2017

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Rockbridge raises $352m for debt fund

by Jody Barhanovich

Rockbridge has raised $351.6 million for Rockbridge Hospitality Fund VII, according to a filing with the SEC.

Rockbridge Hospitality Fund VII, which opened in 2016, is a value-added, opportunistic real estate fund that invests in debt secured by U.S. properties. The fund is hoping to raise $500 million in total equity commitments.

The fund received a $70 million commitment from the $8.3 billion Public Safety Personnel Retirement System of the State of Arizona.

The fund’s predecessor, Rockbridge Hospitality Fund VI, held a $438 million final close in 2014.

Rockbridge is an investment platform with nearly two decades of experience investing in real estate and operating companies. The firm has made more than 200 investments in 38 states in transactions worth approximately $5 billion.

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