GreenOak beats target for US property fund II


oak tree leaf acornsGlobal property investor GreenOak Real Estate has reportedly smashed its target for its second US-focused property fund.

The firm has easily pulled in $700m worth of LP commitments, according to PERE.

The firm’s recent investments in the US include 123 William Street, a 547,000 square foot office building located in downtown New York which it bought in October.

In August last year AltAssets reported that GreenOak Real had pulled in $77m in first commitments for its second private equity vehicle which has a target of $600m.

The firm picked up just over $17m from two LPs for the main fund and $50m from a single investor through a parallel vehicle according to US regulatory filings.

A third vehicle, GreenOak Japan Employee Feeder, has gathered just under $10m from 17 LPs.

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