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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note