To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionTriGate Capital announces final closing of Fund IV
TriGate Capital has recently completed a fourth and final closing of its opportunistic TriGate Property Partners IV, with $561.4 million in equity commitments.
The fund started with an initial fundraising target of $400 million and held its first close in February 2020, according to sources with knowledge of the matter.
TriGate Property Partners IV will target debt and distressed properties throughout the United States. The vehicle will follow the firm's prior strategies of investing in real estate, loans and recapitalization of both commercial real estate and companies with a value or distress orientation.
The fund’s predecessor, TriGate Property Partners Fund III, closed with $340 million in capital in January 2017.
IREI understands that Fund IV is TriGate’s largest vehicle to date and will have some $1.6 billion of buying power. The firm has already deployed about 10 percent of the capital raised, all post COVID-19.
Sources say the fund's in
