FCP is planning to raise $950m (鈧�797.2m) for its latest US value-add real estate fund, according to an investor鈥檚 meeting document.
In the meeting document, it was disclosed that the Teachers鈥� Retirement System of Louisiana had approved a $50m commitment to FCP Realty Fund V, a fund expected to mainly target US multifamily, office and mixed-use assets.
FCP declined a request for comment. The manager, which raised $755m for the predecessor fund in November 2018, has in the past invested throughout the eastern US and Texas.
To read the digital edition of the latest 麻豆映画 Real Assets magazine click here.
