Rockpoint's $3.3bn capital raise for sixth opportunity fund now at 75% [updated]
Rockpoint Group has so far raised over 75% of its target $3.25bn (€2.9bn) capital raise for its sixth opportunistic real estate fund, according to sources.
Rockpoint Real Estate Fund VI, which has raised over $2.4bn, has also received a $75m commitment from the Employees Retirement System of Texas, according to a transaction report issued by the pension fund.
According to sources, Fund VI, which will follow on from its $3.28bn predecessor, is scheduled to hold a final close in April next year.
IPE Real Assets understands that the fund has also agreed its debut deal with the acquisition of 100 Summer Street office asset in Boston for $806m.
The opportunistic fund targets US office, hotel and residential markets. Other property types will be considered on a secondary basis.
Rockpoint declined a request for comment.