Subject: Opportunity Funds (OPPY)

Timberland Partners is looking to raise $50 million of equity commitments for a fund that would target apartment properties in secondary and tertiary markets in the Southeast and Midwest. The fund would be the eighth for the Minneapolis investment manager, ...

WNC has raised $176 million of low-income housing tax credits, or LIHTCs, for its WNC Institutional Tax Credit Fund 50 LP, which will develop and renovate affordable housing in 16 targeted states. Nine investors participated in the investment vehicle. States ...

Al. Neyer, a Cincinnati developer, has raised $110 million of equity commitments for its first real estate investment fund, exceeding its $100 million target. The vehicle, Al. Neyer Industrial Fund I, is pursuing industrial projects primarily in and around Cincinnati, ...

James Patchett, the former president and chief executive of the New York City Economic Development Corp., has been named chief executive of A&E Real Estate, an investor in New York multifamily properties. He'll oversee a planned expansion of the company's ...

IPI Partners, a Chicago real estate investment manager focused on the digital real estate sector, has raised $3.8 billion of equity commitments for its second fund. The vehicle, IPI Partners II, is pursuing data centers, communications towers and fiber-optic transmission ...

MCR Hotels, which owns 100 properties with more than 13,000 rooms in 30 states, is in the market to raise $450 million of equity investments for its second investment fund. It's a follow-up to a vehicle that had raised $300 ...

Trion Properties has closed capital-raising for its Trion Multifamily Opportunity Fund II LLC, after having raised $28 million of commitments from 215 investors. The fund, which already has completed 12 investments, targets value-add and opportunistic multifamily opportunities in areas with ...

Cerberus Capital Management LP has raised $2.8 billion of investor commitments for its latest opportunistic real estate fund, topping its $2 billion target by 40 percent. The investment manager, with $53 billion of assets under management, including $26 billion of ...

Oaktree Capital Management has closed capital-raising for its latest real estate opportunity fund, reaching $4.7 billion of investor commitments, well exceeding its $3.5 billion target. The fund, Oaktree Real Estate Opportunities Fund VIII LP, is the largest real estate investment vehicle ...

AllianceBernstein has raised $900 million of investor commitments for its latest alternative lending vehicle, U.S. Commercial Real Estate Debt Fund IV. The investment manager has raised $6.3 billion of commitments for funds in its real estate lending strategy since 2013. ...