Heitman LLC has raised $806 million from its fund that will provide real estate loans across the U.S.

The money raked in from the Heitman Real Estate Debt Partners III fund (HDP III) is above the $600 million figure the investment management firm targeted initially. It got support from both new investors and existing ones who have participated in the Chicago-based firm's fund series.

Heitman said in a statement that it will be seeking to find "high-quality sponsors" working on real estate projects in both alternative and traditional property sectors. The goal of HDP III is to prioritize returns that fit its core-plus and value-add equity strategies. The first strategy focuses on divergence, convergence, and delinked, according to Heitman. The latter seeks value opportunities with a more targeted approach for deploying capital.