The fund received commitments totaling $2 billion, which exceeded its $1.75 billion target size and reached the fund’s hard cap, making it the firm’s largest closed-end fundraise to date. Investors also committed an additional $620 million of co-investment capital to the fund, which when combined with estimated leverage, should provide Heitman with $6.55 billion in capital to assemble the fund’s portfolio over the next few years. The fund secured commitments from its most diverse investor base to-date, attracting commitments from more than 30 investors across seven countries.  

HVP VI’s strategy seeks to deliver an overall return of 12%-14% net of fees and costs through a diversified approach that combines delinked, growth-oriented, and contrarian investment opportunities. The strategy focuses on demographically driven, less cyclical alternative sectors, including medical office, student housing, senior housing, and self-storage, complemented by traditional growth sectors such as apartments and industrial. 

You can now read the full press release at the link below