Hackman Capital Raises $1.6 Billion To Invest In Studio Space Globally
deadline.comHackman Capital Partners, the real estate firm behind some of entertainment’s most iconic studio properties, has raised $1.6 billion to invest in projects globally.
It said today that it’s closed the HCP Studio Fund at $1.4 billion (above an initial $1 billion target) and raised another $200 million in co-investment equity capital commitments, all from a mix of investors including global sovereign wealth funds, public and corporate pensions, insurance companies, endowments, foundations and family offices.
Institutions like these are always shopping for niche asset classes and sound stages have become increasingly popular as demand for quality production space significantly outstrips demand.
A moderation in spending by major streamers has yet to make a dent in the explosion of content needing a home in major production hubs.
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