Castleforge Partners has raised 拢270m (鈧�298m) for its third value-add commercial real estate fund.

The UK-based real estate fund manager said the Castleforge Partners III (CFP) III fund secured commitments from investors in North America, Europe and Latin America including a private pension fund, endowment, foundation and family offices.

The latest fund raise exceeded the 拢235m raised by the predecessor CFP II fund in July 2016.

The manager said approximately 60% of the capital commitment to the latest fund came from long-standing partners.

Brandon Hollihan, co-founder of Castleforge Partners, said: 鈥淲e are greatly appreciative of our investors, old and new, for their support and partnership.

鈥淚t is an exciting time for Castleforge Partners, and we believe we are well-positioned to access new opportunities and grow our business, whilst also supporting the communities in which we invest.鈥�

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