Rockpoint, a leading private equity firm in the real estate industry, announced on Wednesday that it has successfully raised $5.1 billion in equity capital commitments during its current fundraising cycle. This impressive amount includes $2.7 billion from Rockpoint Real Estate Fund VII and an additional $2.4 billion from two single investor funds and one single-asset continuation vehicle.
The diverse group of investors who contributed to this raise include top corporate and public pension funds, sovereign wealth funds, endowments, and family offices from various regions such as Asia, Canada, Europe , Latin America , the Middle East ,and the United States . The main focus of Fund VII will be on U.S.-based opportunities across different real estate asset classes including industrial properties,multifamily buildings,single-family rental units,and hospitality establishments.Additionally,the fund will also target select office investments.
According to Bill Walton,a managing member at Rockpoint’s Boston headquarters,”We are grateful for the strong support received both from existing investors as well as new ones.” He further added that with their growing platform and strategic investments based on long-standing relationships,strong local market expertise,and vertically integrated capabilities,Rockpoint is well-positioned to take advantage of lucrative opportunities during this time of disruption within the real estate sector.
Image: Headquarters building located in Boston owned by Rockpoint
