A
EW Capital Management has closed its AEW Partners Real Estate Fund X, L.P. ("PX") with $1.75 billion in total equity commitments, surpassing the fundraising total of its predecessor fund. This milestone marks the tenth vintage in AEW's opportunistic fund series, which began in 1988.

    The new fund will focus on a sector-diversified strategy, allowing it to invest in dislocated property types and market segments. Its initial portfolio includes targeted investments in senior housing, multifamily, industrial, and retail properties, aiming for a diversified mix by both sector and geography.

    "We're proud to reach this milestone, reflecting our experience across multiple market cycles and ability to navigate challenges," said Tony Crooks, Managing Director and Senior Portfolio Manager of the AEW Partners Funds. "We appreciate our clients' trust and partnership, which has been instrumental to our success."

    AEW CEO Jon Martin noted that the firm is building momentum across its diversified platform as opportunities emerge in the market. With a strong team and established sourcing network, AEW believes it's well-positioned to identify attractive investment opportunities for investors.

    As one of the world's largest real estate investment advisors, founded over 40 years ago, AEW manages $83.9 billion in assets across private equity, debt, and listed real estate securities as of March 31, 2025. The firm operates globally with offices in North America, Europe, and Asia, offering a range of investment strategies across public and private real estate markets.