Greenfield Partners, a North American real estate investment manager, has raised $146 million for its real estate fund, Greenfield Acquisition Partners VIII, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Greenfield Acquisition Partners VIII is a high-yield fund. The firm typically invests across property types in the United States, and its strategy includes restructuring of financial obligations, development, redevelopment, and repurposing and repositioning assets. Greenfield is seeking to raise $650 million in equity commitments for the fund, according to the filing. The fund previously received a $30 million commitment from the San Joaquin County (Calif.) Employees’ Retirement Association.
The firm’s previous fund, Greenfield Acquisition Partners VII, closed in December 2014 and raised $688 million of equity.
Since inception in 1997, Greenfield has secured capital commitments in excess of $4 billion across its series of discretionary investment vehicles.