Rockwood fund holds $1.1b final close

Rockwood Capital has closed Rockwood Capital Real Estate Partners Fund X with $1.1 billion in capital commitments, meeting the fund’s hard cap.

The value-added fund will target office, residential, retail and hotel assets in urban and “suburban core” mixed-use environments in the United States. Fund X will target growing and evolving neighborhoods, especially those driven by some combination of education, wealth and favorable population-based socioeconomic trends.

As of the final closing, Fund X is approximately 30 percent committed, having completed nine investments.