Landmark Real Estate Fund VIII’s $3.3 Billion Fundraising

Kirkland represented Landmark Partners, a leading investor in the real estate, private equity and real asset secondary market, in the formation and fundraising of Landmark Real Estate Fund VIII (“LREF VIII”), which held its final close on March 30, 2018, with commitments of $3.3 billion.

Landmark Real Estate Fund VIII (“LREF VIII”) held its final close with commitments of US$3.3 billion. At the time of final closing, LREF VIII was 42% committed across six secondary transactions, totaling $1.4 billion of exposure. LREF VIII’s offering was oversubscribed and stands as the largest real estate secondaries fund raised globally to date.

LREF VIII, in line with its predecessor funds, continues Landmark’s dedicated secondaries investment strategy of acquiring interests in existing funds, partnerships, and other structured entities invested in underlying real estate globally. The final close of LREF VIII brings Landmark’s total committed capital to approximately US$25.0 billion.

Landmark Partners specializes in secondary market transactions of private equity, real estate and real assets investments, with approximately $25 billion of committed capital as of March 31, 2018. Founded in 1989 and led by Francisco L. Borges, the firm has one of the longest track records in the industry and is a leading source of liquidity to owners of interests in real estate, real asset, venture, mezzanine and buyout limited partnerships.

The Kirkland team was led by investment funds partners John O’Neil (Picture), Daniel Lavon-Krein and Nicole Washington.

 

Involved fees earner: John O’Neil – Kirkland & Ellis; Daniel Lavon-Krein – Kirkland & Ellis; Nicole Washington – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Landmark Partners;

 

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Author: Ambrogio Visconti