Sculptor Capital soars to biggest-ever real estate raise through $2.6bn Fund IV close


Sculptor Capital Management has hauled in $2.6bn for the final close of its fourth real estate fund, more than $1bn more than for its predecessor vehicle.

The firm said SRE IV would employ the same strategy of its predecessor funds, targeting equity and debt deals across North America and Europe.

Target sectors for the firm include multifamily residential, condos and seniors housing, as well as properties such as hotels, stadiums, casinos and convenience stores.

Sculptor secured $408m for its debut real estate fund in 2005, before bringing in $840m for its sophomore vehicle in 2011 and $1.5bn for Fund III in 2014.

Steve Orbuch, founder and president of Sculptor Real Estate, said, “It has been rewarding to see the abundance of client interest in Sculptor Real Estate Fund IV.

“We believe this is a testament to our strong investment team, platform, and focus on traditional and non-traditional real estate, as well as our strong and consistent historical performance.

“The team looks forward to continuing its patient and disciplined investment style across a broad spectrum of real estate in this dynamic and unique investment environment.”

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