The fund was created in 1999 and had a focus on realestate-related businesses based outside of the US. The fund had aconcentration of investments in Mexico, including investments inMexican homebuilder Homex, shopping center developer and operatorMexico Retail Properties, Mexican industrial property companyCorporate Properties of the Americas and real estate specialtyfinance company Credito Inmobiliario. The fund also invested in NHHotels, headquartered in Madrid. The fund generated total grossproceeds of $991 million, according to the release.
Earlier this year, Equity International received approximately$500 million inequity capital commitments for its fourth fund. The total valueof the fourth fund is expected to be $1.5 billion.
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