Fir Tree Nets $628M For Real Estate Fund

Nov 10 2011 | 10:31am 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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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