Rockpoint is planning to raise $3bn to $4bn (€2.8bn to €3.7bn) for its seventh opportunistic real estate fund, according to sources.

IPE Real Assets understands that the Rockpoint Real Estate Fund VII fund has so far raised two-thirds of its target.

Rockpoint’s sixth fund, which closed in June of 2020, raised $3.8bn as it exceeded its $3bn target.

The manager has already invested close to 20% of Fund VII’s capital. Fund VII, which mainly targets US residential and industrial assets, could consider investing in some hotel and office assets. 

Rockpoint declined a request for comment.

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