Transwestern Investments received more than $200 million in commitments for its Aslan Realty Partners Fund II from pension funds, foundations, other institutional investors and high-net-worth investors, said Douglas Lyons, managing director. The fund will remain open to new partners through year-end, he said. Commitments are expected to total $400 million to $500 million.
The fund will pursue a small-cap real estate strategy with a target IRR of net 18% to 20%.
