CBRE IM closes secondaries fund above target with $1.6bn raised

CBRE IM has raised $1.62 billion for its Real Estate Partners 2 fund, exceeding the $1.25 billion target. With co-investment capital included, the strategy now deploys over $2.25 billion. REP2 will focus on discounted, income-producing assets across the US, Europe and Asia Pacific—building on $15.5 billion of secondaries transactions to…