Rockpoint Closes RE Investment Fund

Rockpoint Group, a San Francisco-based real estate investment management firm, has closed $1.7 billion in equity commitments for Rockpoint Real Estate Fund II, its third real estate investment fund.The investors include public and corporate pension funds and endowments, Rockpoint reported. The fund will look for investment opportunities in all real estate property types in the United States, and will also invest in Japan and Europe. Overseas, the fund will target "distressed, restructuring, and deep value creation" opportunities, the company said. The fund is looking to acquire as much as $7 billion worth of real estate investments, and could invest up to 45% of its equity commitments overseas. Patrick K. Fox, Keith B. Gelb, Gregory J. Hartman, Jonathan H. Paul, and William H. Walton are the principals of Rockpoint Group.