Harbor Group International Secures $585M from Canada Pension Plan Investment Board
Norfolk, VA-based Harbor Group International, LLC’s Multifamily Credit Fund has secured approximately $1.6 billion in capital commitments.
The total includes $585 million from CPPIB Credit Investments III, Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board. In 2020, Canada Pension Plan Investment Board served as the lead investor in Harbor Group International, LLC’s multifamily whole loan platform, committing $110 million, and in 2019, the organization committed $180 million to Harbor Group International, LLC’s Freddie Mac Supplemental Loan program
The Multifamily Credit Fund seeks to achieve attractive risk-adjusted returns by investing in US multifamily credit opportunities including senior mortgage loans, Freddie Mac K-series bonds, preferred equity and mezzanine debt investments, and investments in securitized multifamily mortgage products.
Harbor Group International, LLC is privately owned international real estate investment and management firm. More than 80% of its portfolio is composed of multifamily-related investments.
- ◦Financing