AEW Capital Management said Tuesday it reached final close on AEW Partners Real Estate Fund X, L.P. (PX), with total equity commitments of $1.77 billion, surpassing its predecessor, which closed in 2021. PX marks the 10th vintage in AEW’s opportunistic fund series, extending back to 1988.
Consistent with prior vintages, PX follows a sector-diversified opportunistic strategy with the flexibility to target dislocations in specific property types. The fund’s seed portfolio includes investments in high-conviction sectors such as senior housing, multifamily, industrial and retail, and aims to build a portfolio diversified by both sector and geography.
“We’re deeply grateful for the continued trust and partnership of our clients, as well as our advisors—it has been instrumental to our success,” said Tony Crooks, managing director and senior portfolio manager of the AEW Partners Funds. “Looking ahead, we’re excited to be investing in what we believe is one of the most compelling market environments of the past decade.”
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