Fundraising - FEBRUARY 5, 2014

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Siguler raises $176m for second distressed fund

by Andrea Waitrovich

Siguler Guff & Co. has raised $176.4 million for its Siguler Guff Distressed Real Estate Opportunities Fund II, according to a filing with the SEC. The opportunistic fund launched in 2013 with a $750 million target. It will geographically invest approximately 25 percent outside North America, primarily in Europe.

DREOF II continues the investment strategy in DREOF I. Siguler Guff pursues a value-added portfolio allocation strategy focused on targeted, timely opportunities during multi-year down cycles.

DREOF I closed in 2011 with $630 million committed capital. The portfolio consists primarily of debt and equity interests in commercial property, commercial mortgages and CMBS, and the debt and equity securities of real estate operating companies on a global basis, with a primary

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