Rockpoint Group Closes 2 Funds with $5.8B in Commitments
Investors in both funds included public and corporate pension funds, sovereign wealth funds, endowments, foundations and other investors.
BOSTON—Rockpoint Group has made the final close of its latest opportunistic vehicle, Rockpoint Real Estate Fund VI, garnering $3.8 billion in total equity capital commitments and exceeding its $3 billion fund target.
In addition, the firm also recently made the final close of a lower risk vehicle, Rockpoint Growth and Income Real Estate Fund III, with $2 billion in commitments.
Together, the two vehicles represent more than $5.8 billion in capital commitments.
Investors in Fund VI and RGI III include a range of public and corporate pension funds, sovereign wealth funds, endowments, foundations, and other investors spanning the US, Asia, Canada, Europe, Latin America and the Middle East.
In the wake of the challenges the US economy has faced in recent months, there will be significant opportunities across both Fund VI and RGI III, according to co-founders Bill Walton and Keith Gelb.