Walton Street raises $689m for real estate fund
Walton Street Capital has raised $689 million in an initial closing for Walton Street Real Estate Fund VIII, according to filings with the SEC. According to IREI’s FundTracker database, this is Walton Street’s largest first closing in the firm’s history.
The value-added/opportunistic fund is targeting $1.5 billion and will invest in major U.S. markets. The fund recently received a commitment from the $8.3 billion Public Safety Personnel Retirement System of Arizona.
This fund series has been successful for Walton Street. Walton Street Real Estate Fund VII held a final close of $1.4 billion in February