Roxborough Fund III, a value-add fund managed by The Roxborough Group, has raised more than $518 million in capital commitments at its final closing.
Exceeding the fund’s original hard cap, Fund III was backed by institutional investors such as endowments, corporate pensions, public pensions, asset management firms, consultants and family offices.
Roxborough invests across real estate asset classes, with a primary focus on industrial, office, rental residential and hospitality properties. The firm noted Fund III will rely on the firm’s deep relationships and continue the value-add strategy employed in previous funds.
“We are thankful to continue our partnership with all of our previous investors and excited to welcome a broad set of new investor/partners,” said Marc Perrin, founder and managing partner of Roxborough. “We appreciate the confidence they have placed in our strategy and the team. We will remain focused on investing in dynamic submarkets fu
