Investor watch: CPP Investments leads credit-focused commitments

CPP Investments was the most active allocator to commercial real estate credit funds through the end of August, according to Real Estate Capital USA data. The investor committed $585 million to Harbor Group International’s multifamily-focused HGI Multifamily Credit Fund, a strategy for which the Norfolk, Virginia-based investor has raised about $1.6 billion.

There continues to be a significant number of credit strategies in market, including offerings from Bridge Investment Group, Madison Realty Capital, FCP and Berkshire Residential Investments. Meanwhile, GID is seeking about $1.25 billion for a real estate credit fund, with Related Fund Management looking to raise a similar amount for its fourth credit-focused strategy.