The Townsend Group, a leading provider of global investment management and advisory services focused exclusively on real estate and real assets, today announced the final close of its latest global, opportunistic, multi-strategy real estate fund. The Townsend Real Estate Alpha Fund raised $357.5 million in capital commitments from over 50 institutional investors including public and private sector pension funds, foundations, endowments and select private wealth partners.
The Townsend Real Estate Alpha Fund is a global, opportunistic multi-manager real estate strategy investing in co-investments, secondary fund interests as well as specialized primary funds. Through Townsend’s global footprint and extensive manager relationships, approximately two –thirds of the Fund’s capital has already been committed or invested across multiple strategies and geographies.
Terry Ahern, CEO and Co-Founder of The Townsend Group, said, “We are grateful for the confidence and support that both long-standing clients and new investors alike have placed in Townsend. Our global investment platform seeks to provide market insights and information and sourcing advantage for our clients. Combining those advantages with an ability to execute through multiple investment channels of primary funds, secondary interests and co-investments, we work to create attractive investment opportunities for our investor clients.”
In addition to advising institutional investors on their real estate and real asset portfolios, The Townsend Group offers discretionary investment management for institutional clients through customized separate accounts and co-investment programs as well as funds such as the Townsend Real Estate Alpha Fund. Investment strategies offered cover the risk spectrum from core to non-core, can be global and regional in nature and use a variety of investment vehicles when seeking to accomplish their investment objectives.
About The Townsend Group
Founded in 1983, Townsend Holdings LLC (d/b/a The Townsend Group) is a leading provider of global investment management and advisory services focused exclusively on real estate and real assets. Committed to excellence in investment management and client service, Townsend serves an institutional client base providing custom investment solutions to help meet the needs and objectives of their investment programs. Headquartered in Cleveland, Ohio, the firm has offices in San Francisco, London and Hong Kong. As of December 31, 2013, Townsend’s regulatory assets under management are approximately $ 11.4 billion1