Kennedy Wilson has completed fundraising for its fourth US fund with capital commitments of $303 mln (€224 mln),
Kennedy Wilson has completed fundraising for its fourth US fund with capital commitments of $303 mln (€224 mln),
The amount raised for Kennedy Wilson Real Estate Fund IV includes $15 mln from the US group.
The fund's investor base spans the US, Europe and the Middle East and includes pension funds, university endowments and family offices.
'We believe the current environment provides an excellent opportunity to generate favourable returns,' said William McMorrow, chairman and CEO of the Beverly Hills, California-based investor.
'Our strong track record has attracted high quality new investors,' added Donald Herrema, executive vice chairman of Kennedy Wilson.
Fund IV, through wholly owned investments and joint ventures, has amassed a portfolio of 26 investments throughout the Western US since mid-2011.
The total purchase price of these investments exceeds $1 bn.
