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NEW YORK CITY-Morgan Stanley Real Estate has concluded fundraising for its Morgan Stanley Real Estate Fund V International with $4.2 billion of equity commitments from investors. Company officials tell GlobeSt.com that they were originally aiming to raise $3 billion.

Investors were from all over the world and included pension funds, endowments and foundations as well as private individuals. MSREF V International has already invested about 50% of its capital in portfolios across all property types, publicly traded or privately held real estate companies, and direct real estate assets and developments. The fund is geared toward assets primarily in Japan, Asia-Pacific and Western Europe. The firm expects to allocate the remaining capital in the next few years, company officials say.

Assets already acquired thorough the fund include the Tokyo headquarters of Mitsubishi Corp. and Mitsubishi Motors Corp., the Westin Tokyo and Chifley Tower and Royal Pines. The fund also has a 25.1% interest in DIC. Last May, a joint venture comprised of Morgan Stanley and GIC Real Estate, the property arm of the government of Singapore, acquired the 40-story Chifley Tower in Sydney and the 330-room Royal Pines Resort in Queensland. The firm also spent $1.3 billion for a Paris-based five-building portfolio.