Pretium Residential Real Estate Fund I raised $1.18 billion in equity commitments.

NEW YORK CITY–More investment capital for single-family rental housing assets will be flowing into the market, with Pretium Partners’ closing of its second fund focused on this asset class. The alternative asset management firm announced it has closed Pretium Residential Real Estate Fund II with total equity capital committed during the fundraising period exceeding $1 billion. This also included targeted commitments from separately managed accounts pursuing SFR strategies.