This is the third or fourth big fund I can recall being launched in the past month. The newest entrant is a Dutch firm, United Investment Company and SNS REAA. Canyon-Johnson also closed a $1 billion fund. Blackstone has its mammoth $10 billion fund. And TIAA-CREF also recently put a fund together. What they all seem to have in common is that they are opportunistic funds looking to take advantage of the current malaise.
Will be interesting to see how these funds fare. Given how the low investment sales volume was the past few months, these could really liven things up.