SL Green Realty Corp. has surpassed its initial $1 billion fundraising goal for the SLG Opportunistic Debt Fund. The discretionary fund is backed by a distinguished group of global institutional investors, including public pensions, insurance companies and select high-net-worth platforms. The fund has received more than $500 million in new commitments this week alone, with several additional closings expected to occur shortly.
“We have seen an overwhelming appetite for New York City investment from sophisticated domestic and international investors who recognize the opportunity and share the desire to invest alongside SL Green in this market,” said Harrison Sitomer, CIO at SL Green. “It is especially gratifying to work with so many existing institutional partners, while bringing on capital from new relationships as well. Reaching this milestone marks an important first step in the continued growth of SL Green’s asset management platform.”
The SLG Opportunist
