New Mexico State Investment Council, Santa Fe, committed a total of up to $110 million to two alternative investment funds, said Charles Wollmann, spokesman for the $35 billion endowment, in an email.
The council committed up to $60 million to Bain Capital Tech Opportunities II, a private equity…
Berkshire Residential Investments closes oversubscribed debt fund
Berkshire Residential Investments closes oversubscribed debt fund
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Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion, said spokesman John Dobroski in an email.
According to the news release, the fund supports the MF1 direct lending platform, a partnership between Berkshire and Limekiln Real Estate that provides financing for U.S. multifamily assets including mezzanine debt, preferred equity and senior mortgages.
The previous fund, Berkshire Bridge Loan Investors I, closed at $452 million in 2019.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe.
Berkshire Residential Investments raises $1.5bn for its debt fund Tuesday, May 04, 2021
Laxman Pai, Opalesque Asia:
Boston-based real estate investment management company Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion and received commitments from nearly 60 institutional clients around the globe and includes both new and existing investors for the firm, said a press release from the vertically integrated residential real estate investment and property management company with over 50 years of experience.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe.
Berkshire Bridge Loan Investors II Held a Final Close on April 30th With $1 47 Billion of Commitments, Exceeding Its $1 0 Billion Target digitalmedianet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitalmedianet.com Daily Mail and Mail on Sunday newspapers.
New Mexico allocates $105 million to 3 alts funds
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New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email.
On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan Investors II, both managed by
Berkshire Residential Investments.
Berkshire Multifamily Debt III would invest 85% or more of its capital in Freddie Mac s K-Program, which was created after the global financial crisis to securitize multifamily loans traditionally held on Freddie Mac s balance sheet, according to a staff memo of the council s meeting.