Iron Point prepares to launch $450m third real estate fund


real estate2_lrgReal estate-focused investment firm Iron Point Partners is reportedly preparing to launch its third fund.

The firm is reaching out to its past LPs in early marketing efforts, said Dow Jones, citing a person familiar with the matter.

Iron Point Real Estate Partners III is expected to have a $450m target, said the source.

Iron Point plans to start marketing the fund around June and wrap up the fundraise by the end of the year.

Atlantic-Pacific is acting as a placement agent for the vehicle.

Iron Point closed its previous fund, Real Estate Partners II, on $750m in September 2012, exceeding its $450m target.

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