Harbert Management Corp.'s latest U.S. real estate fund raised about $428.5 million in the final close of its funding round, marking the alternative asset manager's largest real estate fund closing to date.
Harbert United States Real Estate Fund VI LP, which targets real estate assets with value-add potential across major U.S. markets, drew equity commitments from U.S. and European institutional investors.
The fund has already committed or deployed roughly $332 million across 23 transactions involving multifamily, office, retail and mixed-use properties in diverse geographies, according to a release.
