BOSTON--(BUSINESS WIRE)--Rockpoint Group, L.L.C., a global real estate investment management firm, today announced the final close of Rockpoint Real Estate Fund V (“Rockpoint V”) at $3.3 billion in total capital commitments, exceeding its $2.5 billion fund target. Investors in Rockpoint V, the firm’s most recent opportunistic real estate fund, include prominent public and corporate pension funds, endowments, foundations, sovereign wealth funds, and other governmental entities from the United States, Asia, Canada, Europe and the Middle East.
Rockpoint Real Estate Fund IV closed in 2013 with over $2.3 billion of commitments and is fully invested. The firm’s lower-risk investment vehicle, Rockpoint Growth and Income Fund I, closed with over $1 billion of aggregate commitments in 2015 and is now over 85% committed.
About Rockpoint
Rockpoint Group, L.L.C. is a real estate private equity firm headquartered in Boston, with additional primary offices in Dallas and San Francisco. Since 1994, Rockpoint’s founding Managing Members with others have sponsored twelve commingled funds and related co- investment vehicles, raising approximately $17 billion in capital commitments and investing approximately $13 billion of equity in over 370 transactions with a total capitalization of approximately $50 billion. Rockpoint employs a fundamental value approach to investing in both its opportunistic and lower-risk strategies and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States. For more information, visit www.rockpointgroup.com.