CIM Group closed it latest real estate opportunity fund, CIM Fund VIII, with $2.4 billion, a Securities and Exchange Commission filing shows.
The firm began raising the fund in 2012 with a roughly $2 billion fundraising target. CIM Fund VIII will invest in domestic urban properties.
Investors in the fund include the $178.3 billion New York State Common Retirement Fund, Albany, and the $20 billion San Francisco City & County Employees' Retirement System.
