CBRE Global Investors on target to reach $1.5bn for US value-added fund

CBRE Global Investors is close to raising $1.5bn (€1.28bn) for its eighth value-added real estate fund in the US, according to sources that track capital markets.

CBRE Strategic Partners US Value 8 had a second close last month, securing commitments of $1.1bn.

CBRE Global Investors declined to comment.

The fund will invest across sectors in major US markets that can be improved through re-leasing, renovation or redevelopment.

Kansas Public Employees Retirement System confirmed to IPE Real Assets that it had approved a $50m commitment to the fund.

The pension fund has invested with previous funds in the series, including a $40m commitment to the seventh vehicle in 2014.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Now