Real estate investment firm Iron Point Partners has closed its Iron Point Real Estate Partners II fund on $750m, exceeding its initial target of $450m.
Allocations came from institutional investors including endowments, foundations, pension programs, consultants and high-net-worth family offices.
Founded in 2007, Iron Point has raised more than $1.3bn in total equity commitments to its private equity funds. The firm also invests in numerous distressed and other “special situation” investment opportunities. Prior to forming Iron Point in 2007, the principals managed RMB Realty, and its successor Oak Hill Realty, the real estate investment vehicles for the Robert M. Bass family office.
Placement agent Atlantic-Pacific Capital advised the firm on its fundraise.
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