Taconic Capital has launched a new value-add real estate fund, targeting $1 billion in capital commitments.
Like its predecessors in the fund series, Taconic CRE Dislocation Fund III will invest in value-add debt investments throughout the United States. It is the largest of the firm’s three dislocation funds, with the first having targeted $350 million and the second $400 million.
The fund already has collected more than $245 million in capital commitments.
Taconic Capital could not be reached to comment on its investment activity at the time of publication.
