Pretium Closes 2nd Single-Family Rental Fund At $1B

Pretium Residential Real Estate Fund I raised $1.18 billion in equity commitments.

NEW YORK CITY–More investment capital for single-family rental housing assets will be flowing into the market, with Pretium Partners’ closing of its second fund focused on this asset class. The alternative asset management firm announced it has closed Pretium Residential Real Estate Fund II with total equity capital committed during the fundraising period exceeding $1 billion. This also included targeted commitments from separately managed accounts pursuing SFR strategies.

The firm’s first fund, Pretium Residential Real Estate Fund I, closed in 2013 raising $1.18 billion in equity commitments. For its second fund, investors came from across the globe, the company said, and included insurance companies, pension funds, and high-net worth individuals.