Real estate investment group IQHQ has raised $1.7 billion in equity capital to build unparalleled life science cities in major U.S. and UK markets, including San Diego. Formed a year ago, IQHQ is the brainchild of longtime life science builder Alan Gold, who founded BioMed Realty Trust and sold it to Blackstone Group in a transaction valued at $8 billion. The 35-person firm is primarily based in San Diego with 80 percent of the team working out of IQHQ’s Solana Beach office. The $1.7-billion round trails by just nine months the group’s first raise of $770 million, bringing total funding to nearly $2.5 billion. Investors include new and repeat investment from pension funds, sovereign funds, dedicated REIT investors and large family offices.
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