The Townsend Group, a leading provider of global investment solutions for real estate and real assets, today announced that it has held a final close for its latest global private real estate fund. Townsend Real Estate Alpha Fund II (TREA II) raised $496 million in capital commitments from over 20 institutional investors including public and private sector pension funds, foundations, endowments and select private wealth partners.
Terry Ahern, CEO of The Townsend Group, said, “The volatility in the markets is providing us with compelling investment opportunities. We are finding investments with attractive returns, good equity multiples and the ability to structure strong downside protection. These opportunities come to us through our offices in Europe, Asia and the United States. We have already invested more than $300 million of the nearly $500 million TREA II fund. Based on the current level of quality deal flow, we expect to be raising our next fund later this year.”
The Townsend Real Estate Alpha fund series is a global private real estate strategy investing primarily in direct co-investments and secondary fund interests, providing investors with a portfolio of investments diversified by property sector and geography. Since 2007, the Townsend investment platform has deployed $3.8 billion in 86 co-investment and secondary transactions with 50 real estate investment managers/ operators throughout Europe, Asia and North & South America.
About The Townsend Group
The Townsend Group is a leading provider of global investment solutions for real estate, infrastructure, timber and agriculture. With a culture based upon service and success measured by investment performance, Townsend’s clients include many of the world’s leading institutional investors. As of September 30, 2015, Townsend had assets under management of approximately $13.8 billion1. The firm provides advisory services to clients with real estate/real asset allocations exceeding $170.0 billion, as of December 31, 2014.
1 Townsend Assets under Management is the aggregation of net asset values and unfunded commitments on a quarterly basis.