Machine Investment Group Finalizes Second Real Estate Fund at $350 Million Hard Cap
Machine Investment Group has closed its second real estate fund, Machine Real Estate Fund II, reaching the full $350 million hard cap in primary commitments and securing an additional $120 million in co-investments. The firm attributes this success to a broad base of institutional investors including pension funds, endowments, family offices, and private investors. Fund II outperforms Machine's first fund, which closed at $246 million with $208 million in co-investments back in 2022. The firm operates across the U.S., targeting value-add opportunities in distressed or special situations within major property sectors such as residential and industrial real estate. Machine has already made several notable investments, including a senior housing complex on Long Island acquired out of distress and an expansive industrial park in Phoenix.
Topics: investment_commitments private_equity real_estate_fundraising