DALLAS-Velocis Fund LP, a Dallas-based real estate investment fund, today announced the successful closing of Fund I. Equity commitments exceeded $135 million, bringing the total assets under management to more than $222 million. The firm successfully exceeded initial goals with this final closing.

“We attribute our overall fundraising success to our sound investment strategy, ability to source good assets, deploy fund capital, and successfully manage our real estate portfolio,” says Fred Hamm, Velocis managing principal. “While we are no longer accepting direct equity commitments into the fund, there is still an opportunity for investors to take advantage of future investment opportunities through co-investments.”

The current equity commitments provide the fund with more than $330 million of purchasing power, incorporating moderate leverage. In light of current assets' performance, management expects to raise another $30 million dollars of co-investment equity from investors, giving the fund approximately $425 million in purchasing power. The fund is currently 40% percent invested and is sourcing new assets for purchase.