Paladin Realty Partners has closed its third Latin America fund on $454 million in commitments.
Paladin Realty Latin America Investors III is 44 percent invested to date, having committed $200 million to housing-related deals in Brazil and Mexico, as well as recapitalising two public homebuilders in Brazil.
The firm said in a statement it would continue to target affordable housing projects across Latin America, as well as distressed opportunities, including the recapitalisation of public real estate companies struggling with liquidity issues in the wake of the credit crisis.
