RCG Ventures, LLC ("RCG" or the "Firm"), the vertically-integrated real estate investment arm of Argonne Capital Group ("Argonne Capital") that specializes in the acquisition, development, leasing, management and financing of multi-tenant retail real estate assets, today announced the final close of RCG Ventures Fund VIII ("Fund VIII") above target, with $515 million in capital commitments.

The fund attracted strong support from a diverse group of new and existing institutional investors, including endowments, pensions, insurance companies, family offices and other investment partners.

Since its founding more than 20 years ago, RCG has been a dedicated investor and manager in multi-tenant retail real estate, helping establish and shape the sector as an institutional asset class. Consistent with that strategy, Fund VIII will continue the Firm's focus on value-add investments in shopping centers anchored by national retailers in high-growth markets.

"The successful close of Fund VIII is an endorsement of both our strategy and increasing institutional recognition of multi-tenant retail as an attractive investment opportunity," said Michael Klump, Founder and Chairman of RCG Ventures and Argonne Capital. "We have focused exclusively on the multi-tenant retail sector for more than two decades and across multiple market cycles. We believe our deep track-record and operating experience, vertically-integrated platform and long-standing relationships position us to identify and execute on compelling opportunities to deliver value for our investors."

The final close builds on recent momentum across RCG's platform, including the previously announced acquisition of a $1.7 billion multi-tenant retail portfolio from Global Net Lease, Inc., a transaction that more than doubled RCG's multi-tenant retail footprint. To date, Fund VIII has also completed nine acquisitions in key markets across the U.S. and is under contract on an additional five investments. Inclusive of completed transactions, RCG has acquired $3.6 billion in assets, comprising more than 300 properties totaling approximately 40 million square feet across 34 states.