Velocis Closes Fund I

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.”