Charlesbank Capital Partners held a final closing on Charlesbank...

Charlesbank Capital Partners held a final closing on Charlesbank Realty Fund V, raising $494 million in commitments, exceeding its $400 million target. It is the firm’s first real estate fund to include investors other than the $19 billion endowment of Harvard University, Boston, which committed $300 million. Other investors include the $256 million University of Oregon Foundation, Eugene; and the $1 billion endowment of Boston University. The fund will invest in equity or equity-linked mezzanine securities, including acquisitions, development and recapitalizations in a range of property types.