CrossHarbor Capital Partners, a multi-strategy commercial real estate investor, closed its tenth opportunistic fund – CrossHarbor Institutional Partners Fund 2021 – at $865 million, with an additional co-investment of $55m that has already been put to work. The closed-end fund exceeded its $850m target.
We are grateful for the continued support from our existing investor base, and we are pleased to welcome a number of new partners with this fund,” said William Kremer, CrossHarbor Capital Partners. “We believe the current market will create significant opportunities for our investors, with CrossHarbor well positioned to execute our strategy.”
Boston-based CrossHarbor aims to deploy the new funds into high-yield debt and equity investment opportunities across all US property types.
Building on its existing strategies, the fund will invest in underperforming properties, as well opportunities stemming from momentarily illiquid scenarios, and distressed, complex and dislocated situations.
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