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Patient investors pump $400m into Farallon.

Farallon Capital Management, a global investment management firm, announced the completion of fundraising for Farallon Real Estate Partners II (FREP II), its second dedicated US-focused opportunistic real estate fund structure, with aggregate commitments of $400 million.

Farallon has a 23-year track record investing in commercial real estate and has deployed $6.5 billion of equity capital in 237 investments over that period.

Similar to its 2013 predecessor fund, Farallon Real Estate Partners I (FREP I), FREP II pursues a flexible investment strategy focused on equity investments in US real estate across office, industrial, retail and multi-family sectors.

"We are grateful for the trust of our investors and want to thank them for their continued support," said Rocky Fried, managing member at Farallon.


"Nearly all of FREP I's limited partners committed to FREP II, and we are thrilled to welcome several new investor relationships as well.

"We feel well capitalized to take advantage of both current and future opportunity sets in commercial real estate, and look forward to leveraging our more than two decades of experience to consistently generate superior risk adjusted returns throughout the business cycle."

Investors in FREP II include college endowments, pension plans and high net worth individuals.

Dan Hirsch, managing nember at Farallon, described the current real estate environment as one "where we see a benefit in maintaining patience and discipline.

"As we have done over the past two decades, we strive to be a strategic provider of capital, offer speed and certainty of execution, and leverage our broader expertise and capabilities in commercial real estate.

"We are looking for opportunities where we do not need to underwrite ambitious market improvements to achieve our return objectives."

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Publication:Real Estate Weekly
Date:Nov 2, 2016
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