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Waterton raises $1 5 billion for latest value-added real estate fund

Waterton raises $1.5 billion for latest value-added real estate fund Getty Images/iStockphoto Waterton held a final close of its latest value-added real estate fund, Waterton Residential Property Venture XIV, reaching its hard cap of $1.5 billion. The fund invests in multifamily properties in major U.S. markets. The firm has already deployed capital from the fund, including the acquisition of a four-property portfolio in the greater Atlanta area, a two-property portfolio in Hawaii and three assets in California. Its predecessor fund, Waterton Residential Property Venture XIII, closed at $920 million in April 2018. Related Articles

Venture capital s banner year masks diverging sector

Venture capital’s banner year masks diverging sector The number of sub-$500 million funds raised is on pace to fall 35% to 247 by year’s end compared with last year, according to a WSJ Pro analysis of data from PitchBook Data Inc. and the National Venture Capital Association.Premium 5 min read Marc Vartabedian Share Via The venture-capital industry had a stellar year amid the pandemic, at least on the surface. A handful of top venture-capital firms raised massive funds of $1 billion and more, which propelled the sector to set new records for the year. Collectively, firms raised more capital than ever before and deployed it at a stunning clip during an economic upheaval that many in March predicted would chill the industry.

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