Townsend Real Estate Alpha Fund III, managed by The Townsend Group, has raised $623.2 million from 183 investors, according to an SEC Form D.
The Townsend Real Estate Alpha fund series is a global private real estate strategy that invests primarily in direct co-investments and secondary fund interests.
The fund added more than $60 million in capital since December 2019, when it reported $556 million from 167 investors.
An equity fundraising target was not disclosed in the filing.
The Townsend Group, a Cleveland-based alternative investment adviser, follows
