Harbert United States Real Estate Fund Oversubscribed At Final Close
Birmingham, Alabama, Jun. 16, 2014 – Harbert United States Real Estate Fund V (“HUSREF V”), which invests in real estate assets with value-add potential, announces its final close, bringing in new equity commitments in excess of its $400 million fund cap. This closing, which includes significant institutional investors from across the United States and Europe, represents the largest close for a Harbert real estate fund to date and materially surpasses the $300 million target. Globally, Harbert Management Corporation manages approximately $4 billion which includes $1.5 billion in committed equity across its US and European Real Estate funds.
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