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Rockpoint Raises $5.1B in Latest Funding Round
Real estate private equity firm Rockpoint said Wednesday it had raised $5.1 billion in aggregate equity capital commitments in the current fundraising cycle. The total raise includes the close of Rockpoint Real Estate Fund VII, with $2.7 billion in total equity capital, and an additional $2.4 billion in commitments that include two single investor funds and one single-asset continuation vehicle.
The funds were raised from a diverse base of leading corporate and public pension funds, sovereign wealth funds, endowments and family offices from Asia, Canada, Europe, Latin America, the Middle East and the U.S. Fund VII will target opportunities in the U.S. across a range of real estate asset classes, including industrial, multifamily, single-family rental and hospitality, along with select office investments.
“We are grateful for the strong support from both existing and new investors,” said Bill Walton, managing member at Boston-based Rockpoint. “As we continue to thoughtfully grow our platform and invest in assets where our longstanding relationships, local market expertise, and vertically integrated capabilities can add substantial value, we are well positioned to capitalize on what we believe will be compelling opportunities during this period of dislocation across the real estate sector.”
Pictured: Rockpoint headquarters in Boston.
- ◦Financing
