Landmark Real Estate fund closes with investments planned

Real estate investment and private equity group Landmark Partners has announced that its fund, Landmark Real Estate Fund VII (LREF VII) has reached around £1.05 billion at its close. 

The fund is the group’s biggest global real estate secondaries programme, and has helped to increase the firm’s committed capital to around £10 billion. 

The fund has both been oversubscribed and exceeded its initial target of $1 billion (almost £650 million), and comprises largely institutional investors such as pension companies, insurance companies and asset managers throughout the world. 

Landmark Partners has completed over 475 transactions and has acquired interests in over 1,500 private equity and real estate funds and partnerships over the last 25 years, since its inception in 1989; the Landmark Equity Partners XV closed at over £2 billion at the end of last year. 

The company has a team of 82, with offices in London, New York and Boston. The company prides itself on its long-term investor relations, which reach throughout the world. The company’s London offices are at 52 Jermyn Street, in Mayfair,  

The president and managing partner of the company, Timothy Haviland, thanked the investors and indicated that there is already a pipeline of potential investments and transactions planned for LREF VII.

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