Fir Tree Nets $628M For Real Estate Fund

Nov 10 2011 | 11:31am ET

Hedge fund Fir Tree Partners has raised more than $600 million for its second real-estate private equity fund, more than $100 million in excess of its original target.

The $7 billion New York-based firm announced that its Real Estate Opportunity Fund II garnered $628 million before it closed. Fir Tree had initially sought $500 million for the fund, which was launched a year-and-a-half ago, two years after the firm launched its first real estate fund.

Fir Tree has already invested some 90% of the second fund in commercial and residential real-estate, including equity, senior loans and mezzanine investments.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of