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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).