CBRE Investment Management has raised $1.62bn (€1.4bn) for its latest global real estate secondaries fund, surpassing its $1.25bn target.
The manager said Real Estate Partners 2 (REP2) also secured additional co-investment capital, bringing the overall investment capacity to over $2.25bn.
REP2 targets opportunistic returns by investing in high-quality, income-producing assets at a discount.
Achal Gandhi, CIO for indirect private real estate at CBRE Investment Management, said: “The successful close of REP2, which surpassed our fundraising target, underscores the strong investor confidence in our specialist approach.
“As we look ahead to 2026, we believe we are exceptionally well positioned—with meaningful dry powder and a strong pipeline—to take advantage of a market that continues to be liquidity constrained and rewards disciplined, conviction-led investing.”
Kilian Toms, fund manager for REP2, said: “The scale and evolution of the market present a generational opportunity and our team’s ability to source, underwrite and execute complex transactions is a true differentiator. We are here for the long term, with commitment to finding value where others may not look.”
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