{"id":1004104055,"date":"2014-09-19T11:00:44","date_gmt":"2014-09-19T19:00:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004104055"},"modified":"2022-12-04T20:20:39","modified_gmt":"2022-12-05T04:20:39","slug":"rockpoint-group-closes-fund-with-nearly-1b-in-commitments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\/","title":{"rendered":"Rockpoint Group Closes Fund with Nearly $1B in Commitments"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

Rockpoint Group L.L.C. has wrapped up its first lower-risk, lower-return core plus investment vehicle with a bang. The private equity firm closed Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.<\/p>\n

Rockpoint took the offering to just a small collection of mostly existing investors and walked away with ample funds to pursue investments in high-quality assets in top-tier markets across the U.S. But that\u2019s all Rockpoint has to say about it; a company spokesperson confirmed to Commercial Property Executive<\/i> that the company is not sharing any details beyond those offered in the press release announcing the closing.<\/p>\n

Rockpoint may not be talking, but the participation of some of Core Plus Fund\u2019s contributors is in the public domain. The Oregon Investment Council, contributed $100 million to Core Plus Fund on behalf of the Oregon Public Employees\u2019 Retirement Fund. During an OIC meeting in December 2013, Rockpoint executives told councilmembers that the fund\u2019s target size was set at $1 billion and that investments would be made in stabilized commercial real estate assets, predominantly office and multi-family, with strong existing cash flows and less capital-intensive business plans than traditionally found within Rockpoint\u2019s opportunistic investment funds.<\/p>\n

Oregon\u2019s interest comes as no surprise, and the participation of other pension funds wouldn\u2019t break news either. According to a survey by alternative assets information provider Preqin of 856 investors that have made commitments to private real estate funds that primarily follow a core strategy, 41 percent are public pension funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.<\/p>\n","protected":false},"author":969,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742],"tags":[],"class_list":["post-1004104055","post","type-post","status-publish","format-standard","hentry","category-investment","category-latest"],"acf":[],"yoast_head":"\nRockpoint Group Closes Fund with Nearly $1B in Commitments - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rockpoint Group Closes Fund with Nearly $1B in Commitments\" \/>\n<meta property=\"og:description\" content=\"Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-19T19:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T04:20:39+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Rockpoint Group Closes Fund with Nearly $1B in Commitments\",\"datePublished\":\"2014-09-19T19:00:44+00:00\",\"dateModified\":\"2022-12-05T04:20:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/\"},\"wordCount\":266,\"commentCount\":0,\"articleSection\":[\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rockpoint-group-closes-fund-with-nearly-1b-in-commitments\\\/\",\"name\":\"Rockpoint Group Closes Fund with Nearly $1B in Commitments - 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