Castleforge Partners has raised £270m (€298m) for its third value-add commercial real estate fund.
The UK-based real estate fund manager said the Castleforge Partners III (CFP) III fund secured commitments from investors in North America, Europe and Latin America including a private pension fund, endowment, foundation and family offices.
The latest fund raise exceeded the £235m raised by the predecessor CFP II fund in July 2016.
The manager said approximately 60% of the capital commitment to the latest fund came from long-standing partners.
Brandon Hollihan, co-founder of Castleforge Partners, said: “We are greatly appreciative of our investors, old and new, for their support and partnership.
“It is an exciting time for Castleforge Partners, and we believe we are well-positioned to access new opportunities and grow our business, whilst also supporting the communities in which we invest.”
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