Rockpoint Group raises $5.8b for two real estate funds

Rockpoint Group, a Boston-based real estate private equity firm and registered investment adviser, has completed a final closing of its latest opportunistic vehicle, Rockpoint Real Estate Fund VI, with $3.8 billion in equity commitments. The fund well exceeded its $3 billion fundraising target.

In addition, Rockpoint also recently completed a final close of its latest lower risk vehicle, Rockpoint Growth and Income Real Estate Fund III, with $2 billion in commitments. Together, the two vehicles represent more than $5.8 billion in capital commitments.

Investors in Fund VI and RGI III include a diverse group of public and corporate pension funds, sovereign wealth funds, endowments, foundations, and other investors located throughout the United States, Asia, Canada, Europe, Latin America and the Middle East, according to Rockpoint.

“In the wake of the challenges our economy has faced in recent months, we believe there will be significant opportunities across both