Subject: Opportunity Funds (OPPY)

Avanath Capital Management has raised $760 million of equity commitments for its most recent fund, exceeding its $550 million target. The vehicle, Avanath Affordable Housing IV LLC, is nearly twice the size of the Irvine, Calif., investment manager's third fund, ...

Heitman Capital Management has raised $300 million of a targeted $500 million for a follow-up investment fund that will provide mezzanine loans against large commercial properties. The fund, Heitman Real Estate Debt Partners II LP, would be a follow-up to ...

Crystal View Capital, a Las Vegas investment manager, is seeking to raise $95 million of equity commitments for its third investment fund. The vehicle, Crystal View Capital Fund III, will pursue self-storage facilities and manufactured-housing properties in the Western and ...

TerraCap Management so far has raised $250 million of a targeted $450 million of equity commitments for its fifth real estate investment fund. The Estero, Fla., investment manager would use the fund, TerraCap Partners V, to pursue apartment and office ...

Institutional investors increased their target allocation to commercial real estate this year to 10.6 percent from 10.5 percent in 2019 and are now 170 basis points higher than they were 12 years ago. But they largely remain under-allocated to the ...

Turner Impact Capital has raised more than $350 million for its second commingled fund, giving it the capacity to make some $1.25 billion of investments in affordable-housing properties. The Santa Monica, Calif., company was founded in 2014 by Bobby Turner, ...

Breakthrough Properties, which was formed last year by a venture of Tishman Speyer Properties and Bellco Capital, has completed raising more than $1 billion for a commingled fund and co-investments that would be used to fund the development and purchase of ...

Rialto Capital Management has topped $1.4 billion of equity commitments for its latest debt-investment fund, making it by far the largest fund it's raised. And more recently, it launched a property-investing counterpart, through which it's raised $80 million.

Jadian Capital, a New York alternative investor that was formed three years ago by the former head of private real estate at Fir Tree Partners, has raised $650 million of equity commitments for its inaugural fund, Jadian Real Estate Fund ...

DivcoWest has completed raising capital for its latest fund, DivcoWest Fund VI, after having reached its hard cap of $2.25 billion of equity commitments. The fund, which the San Francisco investment manager had launched a year ago, is its largest ever. ...