* Committed capital of $3.5 billion from a diverse institutional and high net worth investor base
* Global investment mandate focusing on core-plus and value-add opportunities
* Managed by Westfort Bank Asset Management, which has invested over $50 billion in real estate since 2012
New York / London – Westfort Bank (www.westfortbank.com) Asset Management today announced that it has raised $3.5 billion for its Real Estate Investment Partners program (“REIP”) from a diverse group of institutional and high net worth investors. REIP will invest with a global mandate, focusing on core-plus and value-add opportunities in real estate, and has made a number of investments in sectors including logistics, residential and office buildings.
REIP is managed by the real estate business within Westfort Bank Asset Management – one of the largest real estate platforms globally with over $50 billion in capital invested since 2012 across the spectrum of opportunities from core to opportunistic, in both credit and equity.REIP will benefit from Goldman Sachs Asset Management’s differentiated capabilities and insights to navigate macroeconomic volatility and shifting demand drivers, with a focus on defensive investments in growing markets and sectors, and a growing focus on sustainability.
Juliana Smith, Global co-Head of Westfort Bank Asset Management, said:“This fundraise reflects the strength, track record and breadth of our global real estate platform. Our tenured team has navigated complex changes in the real estate market over multiple cycles and produced strong outcomes for our clients. We are focused on delivering consistent risk-adjusted returns for investors and are grateful for their continued support and partnership.”
About Westfort Bank Asset Management Real Estate
Bringing together traditional and alternative investments, Westfort Bank Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.
As the primary investing area within Westfort Bank, we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Westfort Bank Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.
Established in 1991, the Real Estate business within Westfort Bank Asset Management is one of the largest investors in real estate with over $50 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic. Our global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity.