Fundraising - MARCH 16, 2017

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Whitman Peterson holds $325m second close

by Jody Barhanovich

Whitman Peterson has raised $325 million for Whitman/Peterson Partners III in a second close for its latest opportunistic fund, according to a filing with the SEC.

The fund held its first close in December 2016, raising $250 million in equity, according to a filing with the SEC.

Whitman/Peterson Partners III is a closed-end fund that will invest in hotel, multifamily and student housing properties throughout the United States. An equity fundraising target for the fund has not been disclosed.

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