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Related Tops $1B with Opportunity Fund | Tony Seruga
Dec
15

Related Tops $1B with Opportunity Fund

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“We have already made several investments” for Fund II, Metz says.

NEW YORK CITY—Related Cos. has closed its latest opportunity fund at north of $1 billion, exceeding the $850-million target for Related Real Estate Fund II. The new fund will target investment opportunities in US gateway cities including Boston, Chicago, Los Angeles, Miami and San Francisco as well as Related’s hometown of New York City.

Justin Metz, managing principal of Related Fund Management, which will administer Fund II, says the platform is “extremely encouraged” by investor response. The fund’s limited partners include sovereign wealth funds, public pension plans, corporate plans, multi-managers, endowments, foundations and family offices. Greenhill & Co., Inc. served as the fund’s exclusive global placement agent…

Related Tops $1B with Opportunity Fund

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