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Alternative Assets  + Real Estate  | 
CrossHarbor Exceeds Target with $865M Close of Tenth Opportunity Fund

CrossHarbor Exceeds Target with $865M Close of 10th Opportunity Fund

CrossHarbor Capital Partners, a multi-strategy commercial real estate investor, closed its tenth opportunistic fund – CrossHarbor Institutional Partners Fund 2021 – at $865 million, with an additional co-investment of $55 million that has already been put to work. The closed-end fund exceeded its $850 million target.

“We are grateful for the continued support from our existing investor base, and we are pleased to welcome a number of new partners with this fund,” said William Kremer, CrossHarbor Capital Partners. “We believe the current market will create significant opportunities for our investors, with CrossHarbor well positioned to execute our strategy.”

Boston-based CrossHarbor aims to deploy the new funds into high-yield debt and equity investment opportunities across all US property types.

Building on its existing strategies, the fund will invest in underperforming properties, as well opportunities stemming from momentarily illiquid scenarios, and distressed, complex and dislocated situations.

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CrossHarbor Capital Partners

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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