Fundraising - MARCH 20, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Rockpoint holds $1.95 billion final close for opportunistic fund

by Andrea Waitrovich

Rockpoint Group has held a $1.95 billion final close for its Rockpoint Real Estate Fund IV. The firm disclosed in a December 2012 Securities and Exchange Commission filing that it had a $1.975 billion fundraising goal for the opportunistic fund.

The fund has started investing its capital. To date, Fund IV has committed approximately $470 million of equity to 12 transactions. Rockpoint Real Estate Fund IV focuses largely on U.S. distressed assets but also has the ability to invest in Europe and Asia. It will focus 80 percent of investments on the United States — particularly Boston, Northern and Southern California, and Washington, D.C. — and 20 percent internationally. For international investments, Rockpoint will target opportunities in major coastal markets in Japan and

Forgot your username or password?