Sculptor Capital Management has so far raised $1.3bn (€1.2bn) for its latest US real estate fund, according to a potential investor’s meeting document.
The San Joaquin County Employees’ Retirement Association’s board meeting document revealed that Sculptor is almost halfway to its $3bn fundraising target for Sculptor Fund V.
The timeline for the completion of the fundraising is currently unknown. Sculptor declined a request for comment.
San Joaquin County may consider issuing a commitment to the Sculptor fund at some point in the future. This would establish a new manager relationship for the pension fund.
As previously reported, Fund V, an opportunistic real estate fund, will focus on acquiring alternative US assets such as gaming properties, hotels and senior housing.
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