RCG Ventures Closes Fund VIII Above Target at $515 Million
Fundraise Reflects Strong Institutional Demand for RCG's Proven Multi-Tenant Retail Strategy
The fund attracted strong support from a diverse group of new and existing institutional investors, including endowments, pensions, insurance companies, family offices and other investment partners.
Since its founding more than 20 years ago, RCG has been a dedicated investor and manager in multi-tenant retail real estate, helping establish and shape the sector as an institutional asset class. Consistent with that strategy, Fund VIII will continue the Firm's focus on value-add investments in shopping centers anchored by national retailers in high-growth markets.
"The successful close of Fund VIII is an endorsement of both our strategy and increasing institutional recognition of multi-tenant retail as an attractive investment opportunity," said
The final close builds on recent momentum across RCG's platform, including the previously announced acquisition of a
About RCG Ventures
RCG Ventures ("RCG") is a vertically-integrated real estate investment firm led by a team of professionals that specialize in the acquisition, development, leasing, management and financing of multi-tenant retail real estate across the U.S. RCG is the retail real estate investment arm of Argonne Capital Group, a privately held investment firm. Since its inception in 2003, RCG has specialized in the ownership of best-in-class shopping centers anchored by national tenants, having acquired $3.6 billion in retail assets spanning approximately 40 million square feet across 34 states. For more information on RCG, please visit: https://rcgventures.com/.
Contacts
RCG Ventures
Kate Thompson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
View original content:https://www.prnewswire.com/news-releases/rcg-ventures-closes-fund-viii-above-target-at-515-million-302919410.html
SOURCE RCG Ventures, LLC
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