Whitman Peterson holds $325m second close
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.