Sculptor Capital Management Closes $4.6B Opportunistic Real Estate Fund V

NEW YORK — Sculptor Capital Management Inc. announced Dec. 3, 2025, the final close of its fifth opportunistic equity real estate fund, Sculptor Real Estate Fund V, with $4.6 billion in commitments, exceeding its $3 billion target and reaching its hard cap. The firm also closed an additional $825 million in co-investment capital, allowing investors to participate alongside the flagship vehicle.

Opportunistic Strategy in Real Estate

The fund is part of Sculptor’s broader real estate platform, which includes opportunistic credit and core-plus real estate strategies. The platform focuses on sourcing and executing investments across multiple sectors, including hospitality, gaming and leisure, digital infrastructure, healthcare, logistics, cold storage, and other real estate-related asset classes. The strategy targets opportunistic investments on a global basis.

Investor Support

According to the firm, the fund received significant support from both new and existing institutional investors globally. The additional $825 million in co-investment commitments brings total potential capital to approximately $5.4 billion.

Firm Overview

Sculptor Real Estate operates within Sculptor Capital Management’s global platform, which specializes in opportunistic investing across asset classes. Further details on the fund’s specific investments or deployment timeline were undisclosed.

Sources

Source: Sculptor Capital Management press release