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Rockwood Capital reached its capital funding goal for Fund X (its 10th real estate investment fund), raising $1.1B in capital commitments.
The Los Angeles-based investment firm closed its fund earlier this week having hit its hard cap, and will focus investment on U.S. office, residential, retail and hotel assets in the urban and suburban core. Execs plan to use the fund to target growing neighborhoods, with an emphasis on those that combine education, wealth and positive population-based socioeconomic trends, the firm said in a statement.
Per its final closing, Fund X is about 30% committed after completing nine deals. Its investor base consists of pension funds, endowments, foundations, insurance companies, funds of funds, family offices and high-net-worth individuals.
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