Och-Ziff Capital Management Group targets $2b for largest real estate fund

Och-Ziff Capital Management Group has plans to raise its largest real estate fund, including new leadership, according to Bloomberg, citing people familiar with the matter.

The hedge fund firm is targeting $2 billion for its fourth fund focused on opportunistic property investments, as soon as the end of the year.

New York–based Och-Ziff has also raised about $750 million for a real estate debt strategy and is gathering a $150 million affordable-housing investment pool.