Private equity real estate strategy closes on $339m

Castleforge Partners III reached over £270 million ($339 million) in capital commitments, exceeding the fundraise of the predecessor vehicle by 15%. The fund received strong support from existing LPs and has further diversified its investor base, securing new commitments from institutional investors in North America, Europe and Latin America including a private pension fund, endowment, foundation and family offices. London-based Castleforge Partners' decade-old private equity real estate business that has grown to 70 investment professionals. Castleforge has closed 40 deals and successfully realized 17, officials said in a press release. They added that the firm’s thematic focus and research has helped the team avoid troubled sectors and built exposure to themes that benefit from structural growth tailwinds. The platform is establishing considerable scale in various high growth asset-classes and has begun to expand the asset base into continental Europe. Atlantic-Pacific Capital assisted the firm in raising assets. “We are honored to have the ongoing support from existing investors and new backing from a strong group of global limited partners,” said Brandon Hollihan, who is a co-founder of Castleforge along with Michael Kovacs. “We appreciate Atlantic-Pacific’s involvement which began in 2014 with the launch of Fund II and has comprised both advisory support and a diversified range of capital relationships.”

Private equity real estate strategy closes on $339m

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