Fundraising - MAY 6, 2014

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Siguler Guff raises $312m for opportunistic fund

by Reg Clodfelter

Siguler Guff & Co. has raised an aggregate $312.4 million for Siguler Guff Distressed Real Estate Opportunities Fund II, divided among three parallel partnerships, DREOF II (Main), DREOF II (T) and DREOF (E), according to multiple SEC filings. The largest of the three, DREOF II (T), has raised $222.1 million.

The opportunistic fund launched in July 2013 with a fundraising goal of $750 million. The fund will use a distressed real estate multi-manager strategy, and at least 60 percent of the fund's capital will be invested in other funds and separate accounts and up to 40 percent in co-investments. It will invest primarily in the United States, with approximately 35 percent of capital invested outside

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