Endeavor Actual Property Group has closed its third and largest fund within the agency’s 20-plus-year historical past.
The Austin-based funding and improvement agency has closed a $610 million personal fairness fund.
The fund acquired “sturdy help” from new and current companions, together with over $500 million from personal wealth sources, the agency mentioned.
“The chance set has modified over the previous 12 months of fundraising, however we nonetheless have excessive conviction in our goal markets,” Chase Spruill, a senior vp with Endeavor, mentioned in ready remarks.
“Shifting generational demographics give us confidence that top job and inhabitants development will proceed to offer ample alternatives for our buyers.”
Known as Endeavor Alternative Companions III, LP, the fund might be invested in industrial actual property value-add alternatives in 5 markets throughout the nation: Austin, Dallas, Nashville, Charlotte, and Salt Lake Metropolis – with a selected deal with Central Texas.
The fund anticipates making 20 to 25 investments.
