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NOW Closed – Now closed to investment.
The Fund was launched in 2013 as an unhedged Australian feeder fund into the assets of Bridge Multifamily & Commercial Office Fund II, LP (“Bridge MF II”). Bridge MF II is a US$600 million (equity) value-add “buy, fix, sell” private equity real estate fund, investing in value-add US multifamily apartment communities and office buildings. The Fund owned a 5.83% share of a diversified portfolio of 61 ‘value-add’ real estate assets across the US.
The Underlying Fund has now completed its Harvest Period, with all 61 assets ; 52 multifamily apartment communities and 8 office buildings which were acquired during the ROC II Program’s Investment Period having now been sold. None of the investments lost capital, with best performing investment generating a 4.71x Multiple of Investment Capital (MOIC) and a 53.6% Internal Rate of Return (IRR) on the US$7,210,000 of equity invested in the deal.
On 31 August 2020, the Underlying Fund made its final distribution; following receipt of these proceeds the Fund has commenced