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Report: Rockpoint hits over 60% of $3.25B target for opportunistic RE fund

Investment manager Rockpoint Group LLC has raised more than 60% of its $3.25 billion target commitments for an opportunistic real estate fund, IPE Real Assets reported, citing sources that track fundraising.

Rockpoint Real Estate Fund VI will invest in offices, hotels and residential assets in the U.S.

The Employees Retirement System of Texas committed $75 million to the fund, the publication added, citing a transaction report from the pension fund. The schedule for the fund's final close is not yet known, according to the Oct. 10 report.

Rockpoint declined the publication's request for comment.