Boston-based real estate private equity firm Rockpoint has achieved a significant milestone by securing $5.1 billion in aggregate equity capital commitments during its recent fundraising cycle. This includes the final close of Rockpoint Real Estate Fund VII, which amassed $2.7 billion in total equity capital. Additionally, the fundraising efforts encompassed $2.4 billion in commitments, featuring two single investor funds and one single-asset continuation vehicle.
The diverse base of investors contributing to this funding round comprises leading corporate and public pension funds, sovereign wealth funds, endowments, and family offices from regions such as Asia, Canada, Europe, Latin America, the Middle East, and the United States.
The Rockpoint team, boasting a 30-year track record, has been investing collectively since 1994. Over this period, they have managed 19 funds and related co-investment vehicles, representing a combined gross asset value of around $80 billion. Fund VII builds on Rockpoint’s established flagship opportunistic series, leveraging the firm’s extensive local market knowledge and vertically integrated platform to enhance value at the asset level.
Expressing gratitude for the strong support received, Bill Walton, Managing Member at Rockpoint, highlighted the firm’s ability to capitalize on compelling opportunities during the ongoing period of dislocation in the real estate sector. Keith Gelb, Managing Member at Rockpoint, emphasized the organization’s robust position, strengthened by a management team with three decades of collaboration and a deep talent pool.
The Fund’s strategic focus includes targeting opportunities across various real estate asset classes in the U.S., encompassing industrial, multifamily, single-family rental, hospitality, and select office investments.