Farallon Capital Management, L.L.C., based in San Francisco, has successfully closed its fourth US-focused opportunistic real estate fund structure, Farallon Real Estate Partners IV (FREP IV). The fund raised more than $650 million of aggregate investor commitments – exceeding the original target of $500 million.
The FREP IV will employ a value-driven/opportunistic strategy while targeting equity investments, preferred equity investments and distressed debt investments within core sub-sectors of the U.S real estate market. It is managed and operated by 12 dedicated members from Farallon’s Real Estate team under Rocky Fried and Josh Dapice’s leadership .
Dapice commented on the current U.S real estate environment as being “in early innings of a widespread correction that will lead to attractive acquisition opportunities for those offering flexible capital solutions” .
