How Griffin Capital Set a Company Record for Fundraising
January 31, 2020 | Connect Commercial Real Estate
If 2019 stood out in any area, it was in capital raising. Asset managers ranging from Blackstone to Harrison Street hit new fundraising peaks with assorted vehicles. The latest to report unprecedented success is Griffin Capital Company, which raised a total of $2.43 billion in investor equity—a record for the firm and a 49.7% increase over 2018.
Of particular note, the firm’s Institutional Access platform of interval funds, conceived and managed by Griffin Capital Asset Management Company, led in capital raising. In 2019, that platform raised more than $1.7 billion, bringing its total equity under management to $4.5 billion.
Griffin Capital has raised $14 billion of investor equity over the past eight years, and deployed that capital across a platform of investment solutions including interval funds, private placements, REITs and tax-advantaged strategies. The firm attributes its success in 2019 to the consistent and strong performance of its investment products and the ability to execute on a long-term strategic vision.
