Goldman Sachs Asset Management said on Friday that it has raised $3.5 bn (€3.2 bn) for its Real Estate Investment Partners programme (REIP) from a diverse group of institutional and high net worth investors.
REIP will invest with a global mandate, focusing on core-plus and value-add opportunities in real estate, and has made a number of investments in sectors including logistics, residential and office buildings.
REIP is managed by the real estate business within Goldman Sachs Asset Management – one of the largest real estate platforms globally with over $50 bn in capital invested since 2012.
Julian Salisbury, global co-head of Goldman Sachs Asset Management, said: ‘This fundraise reflects the strength, track record and breadth of our global real estate platform. Our tenured team has navigated complex changes in the real estate market over multiple cycles and produced strong outcomes for our clients. We are focused on delivering consistent risk-adjusted returns for investors and are grateful for their continued support and partnership.’