Keystone National Group is nearing $200 million for its debut real estate debt fund, a strategy that will focus on multiple types of properties.
The San Ramon, California-based investment firm has locked down $187.95 million from 352 investors, according to US Securities and Exchange commission regulatory filings.
The fund will target short-term, real estate-backed transactions in multi-family apartments, high-end single family residences and industrial properties, among other types of real estate, according to the firm’s website. The fund will focus on both urban and suburban properties.
The firm is also in market with its Private Market Opportunities Fund VIII, which has raised $99.94 million toward a $150 million goal, according to SEC filings. The fund series invests in an array of strategies, including senior secured loans, secondary loan pools, consumer and industrial loans, distressed debt and bankruptcy claims, among others.
While there were no SEC filings for Fund VII, Fund VI raised a total of $42.75 million from 42 investors, according to the latest SEC filing.