CBRE Global Alpha Fund, the global core-plus fund managed by CBRE Global Investment Partners (CBRE GIP), has reached $2 bn (€1.9 bn) net asset value (NAV).
The perpetual open-ended fund launched in November 2010 with a focus on developed markets and sustainable high income strategies.
'We are delighted that the Global Alpha Fund has reached the $2 bn milestone,' commented Ian Gleeson, head of CBRE Global Investment Partners. 'It continues to give investors of any size access to a high quality global portfolio through an investment in a single fund,' he added.
The fund currently provides exposure to 10 preferred strategies, 26 operating partners and over 1,800 assets. CBRE GI said its dividend yield averaged between 4-5% per annum.
