June 16, 2020
Boston-based investment management firm Rockpoint Group said Tuesday it had closed its latest opportunistic vehicle, Rockpoint Real Estate Fund VI. The fund garnered $3.8 billion in total equity capital commitments, exceeding its $3-billion target.
In addition, Rockpoint recently announced the final close of its latest lower risk vehicle, Rockpoint Growth and Income Real Estate Fund III (RGI III), with $2 billion in commitments, exceeding the $1.7 billion raised for RGI II. Together, the two vehicles represent more than $5.8 billion in capital commitments.
Investors in Fund VI and RGI III include a diverse group of public and corporate pension funds, sovereign wealth funds, endowments, foundations, and other sophisticated investors spanning the United States, Asia, Canada, Europe, Latin America and the Middle East, according to Rockpoint.
Co-founders Bill Walton and Keith Gelb said, “In the wake of the challenges our economy has faced in recent months, we believe there will be significant opportunities across both Fund VI and RGI III, and we are excited to pursue what we expect will be attractive real estate investments in our target U.S. markets.”
For comments, questions or concerns, please contact Paul Bubny