Reuters – Hedge fund firm Farallon Capital Management LLC is raising a new real estate fund of about $350 million to $400 million, the first time Farallon has set up a separate fund exclusively for the asset class, according to two sources familiar with the situation.
Farallon is pitching the fund to its existing investors and is targeting a 20 percent internal rate of return, said one of the sources, who was not authorized to speak publicly.
