Rockpoint Group, a global real estate investment management firm, has closed its latest opportunistic fund, Rockpoint Real Estate Fund VI (Fund VI), with $3.8 billion in total equity capital commitments, exceeding its $3 billion fund target.
In addition, the firm recently announced the final close of its latest lower risk vehicle, Rockpoint Growth and Income Real Estate Fund III (RGI III), with $2.0 billion in commitments. 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.
“As we mark our 25th anniversary, we appreciate the confidence of our limited partners, who have reaffirmed their support of our fundamental value investment approach. 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,” said Co-founders Bill Walton and Keith Gelb.