Centerbridge Partners closes second fund on $2.3bn
The private equity specialist is focusing its real estate platform on alternative real estate, such as cell towers, marinas and single-family homes. Centerbridge Partners has closed its second real estate fund on $2.3 billion, with a mandate to invest in some of real estate’s most in-demand property types, PERE has learned. Centerbridge Real Estate Partners Fund 2 surpassed its $1.5 billion target and is two-and-a-half times the size of the New York firm’s debut real estate o
Centerbridge Partners Surpasses Target to Close Second Real Estate Fund at $2.3 Billion
Dedicated Real Estate Fund Raises 150% More Than Predecessor Fund NEW YORK, Jan. 25, 2022 /PRNewswire/ -- Centerbridge Partners, L.P. ("Centerbridge"), a leading private investment firm, today announced that it has closed its second real estate fund, Centerbridge Partners Real Estate Fund II ("CPREF II"), with $2.3 billion in capital commitments, significantly above the original target of $1.5 billion. The fund received strong support from a diverse group of existing and new
