Praedium Fund VII, the latest real estate private equity fund, has closed with $900 million in equity commitments. This equity capital will, combined with leverage, give the Fund $3.0 to $3.5 billion in purchasing power through 2011.

The Fund seeks to invest throughout the United States in properties in the range of $5 to $75 million that can be enhanced through focused and creative leasing, management or repositioning. Assets will be acquired either individually or in portfolio transactions, in which case transaction size may be substantially larger than $75 million. Targeted acquisitions include office, retail, multifamily, industrial and mixed-use properties.