Atlantic-Pacific Capital has held the final closing of Iron Point Real Estate Partners II with USD750m of capital commitments.
The fund, managed by Iron Point Partners, had an initial target of USD450m and received support from a broad group of institutional investors including endowments, foundations, pension programmes, consultants and high-net-worth family offices.
Before forming Iron Point Partners in 2007, Iron Point’s senior investment team worked together as managers of real estate investment vehicles for the Robert M. Bass family office. The fund was established to continue the senior team’s multi-strategy investment approach.
“Iron Point is one of the premier real estate groups investing in traditional and specialty asset classes. We believe the fundraising success achieved for their sophomore fund is a testament not only to Iron Point’s real estate expertise but also to their value as a true partner,” says Victor Manuel (pictured), partner at Atlantic-Pacific Capital.
