Private equity real estate shop BPG Properties has closed its eighth fund with $850 million. BPG Investment Partnership VIII will target office, multi-family, industrial, and retail properties throughout the U.S.
BPG’s investors include public and corporate pension plans, endowments, foundations, financial institutions, and family trusts.
“The response to Fund VIII from the institutional investor community was extremely positive,” said Daniel DiLella, president and CEO. “With our track record of strong returns and our demonstrated staying power, over ninety percent of our existing investors committed to our latest offering and we quickly developed a waiting list of new investors who wanted to invest in the Fund.”