Rockpoint Closes New $1.95B Distressed RE Fund

Law360, New York (March 20, 2013, 1:55 PM EDT) -- Boston-based real estate private equity firm Rockpoint Group LLC has closed on $1.95 billion in equity commitments for its fourth real estate fund, Rockpoint announced Wednesday.

Rockpoint Real Estate Fund IV is the firm's latest vehicle for buying distressed and value-add assets in particular geographic regions depending on their market conditions, with a general focus on the Northeast, Southwest, California and the U.K.

Investors in the new fund include pension funds, foundations, endowments and sovereign entities from the U.S., Canada, Asia and the Middle East, according...
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