Conversant Capital Closes Over $845 Million for Inaugural Private Investment Fund

Firmwide assets under management surpass $3 billion

SUMMIT, N.J., Oct. 7, 2026 /PRNewswire/ -- Conversant Capital LLC ("Conversant"), an opportunistic real estate investment firm, announced the final close of its inaugural private investment fund, Conversant Private Investment Fund ("CPIF" or the "Fund"), with $845 million in equity capital commitments. This includes approximately $705 million in equity capital commitments raised for the commingled fund, exceeding its original target of $500 million by more than 40%, with the remainder raised for dedicated co-investment vehicles. CPIF is backed by a diverse group of sophisticated global institutional investors, comprised of both repeat and new Conversant partners, representing sovereign wealth funds, university endowments, foundations, healthcare institutions, pension plans, asset managers and family offices. With the Fund's closing, Conversant now manages approximately $3.2 billion in assets.

CPIF builds on Conversant's track record of deploying flexible capital across a range of real estate and real estate-related opportunities. The Fund draws on the firm's experienced team of multi-disciplinary professionals to target opportunistic long-term returns through platform-oriented investments. To date, CPIF has invested capital across seven investments—spanning senior living, scattered-site student housing, convenience retail, Class A London office, big-box San Francisco hotels, digital infrastructure and opportunistic commercial real estate credit—and has fully realized one investment.

"As we mark this important milestone, we are grateful for the support from both our repeat and new partners," said Michael Simanovsky, Founder and Managing Partner of Conversant Capital. "As we like to say at Conversant, 'There's always something to do in real estate.' At any given time, different sub-sectors are experiencing their own distinct supply-demand imbalances and capital cycle inflection points. Today, those dynamics, combined with a broader scarcity of capital for real estate, have created a particularly compelling mix of opportunities across both growth-oriented alternative sectors and dislocated asset classes. We believe Conversant's broad sourcing capabilities, together with our flexible capital and operational expertise, position us well to capitalize on this unique opportunity set on behalf of our investors."

Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel and PJT Park Hill served as capital advisor to the Fund.

About Conversant Capital
Conversant Capital LLC is an opportunistic investment firm founded in 2020 focused on real estate and real estate-related sectors. The firm invests across public and private markets, utilizing both equity and credit strategies to capitalize on evolving supply-demand dynamics, capital cycle dislocations and asset-level value creation opportunities. Further information is available at www.conversantcap.com.

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SOURCE Conversant Capital