The Real Estate Investment Funds team advised HighBrook Investors on the closing of its third and largest-ever real estate fund, HighBrook Property Fund III. After twelve months, HighBrook Investors raised more than $600 million for its fund and two co-investment vehicles, surpassing its $450 million target. The fund itself remained below the $550 million hard-cap.
HighBrook Property Fund III attracted predominately foundations, endowments, wealth managers and insurance companies from the US, with some European investors also committing capital. The majority of the vehicle's limited partners had previously invested in HighBrook’s first and second fund. Eyeing diversified property types in the US and Western Europe, particularly the Netherlands, Fund III will follow the same value-add and opportunistic strategy as its predecessor vehicles.
HighBrook Investors is a real estate private equity firm that was founded in 2010 as a unique entity blending best practices from both the private equity and hedge fund industries. As a value-oriented investor, the firm acquires and actively manages property investments across North America and Europe which are typically in need of repositioning or restructuring.
The Goodwin team was led by partner John Ferguson and included partners Kelsey Lemaster and Brynn Peltz; and associates Alina Pesenson and Michelle Kim.
John M. FergusonPartnerCo-Chair, Real Estate Industry
Brynn D. PeltzPartner
Michelle B. KimAssociate