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AEW Looks to Raise $2B for its 10th North American Opportunistic Real Estate Fund

AEW Looks to Raise $2B for its 10th North American Opportunistic Real Estate Fund

AEW Capital Management, the real estate asset management platform of Natixis Investment Managers, is aiming to raise $2 billion for its 10th North American opportunistic real estate fund – AEW Partners Real Estate X -, according to recent public pension documents.

The raise would be the largest fund in the series for the Boston, MA-based firm. Its ninth fund closed at $1.2 billion.

AEW has received a $100 million commitment from the New Mexico State Investment Council and a $50 million pledge from the Public Employees’ Retirement System of Mississippi for the new fund.

The strategy for the new fund is largely in line with its previous funds; acquiring and developing assets across multiple property types, largely centered around multifamily in “near urban” markets and industrial properties in growth markets.

The fund is managed by senior portfolio manager Anthony Crooks, with support from Allison Corter, head of fund operations, and Jonathan Watson and Steven Sechko.

As one of the largest global real estate investment managers, AEW has over 800 clients with $91.6 billion in assets under management across all property types in North America, Europe and Asia Pacific.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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