CHICAGO—The Chicago-based Origin Capital Partners, a real estate private equity firm, has just launched a new $100 million investment fund. Called Origin Capital Fund II, LLC, the fund will go after a range of property types including medical office, multifamily, office, industrial and retail in a specific set of US markets.

The launch follows the closing of The Origin Capital Opportunity Fund, also known as Fund I, which raised and allocated almost $26 million in equity. This portfolio consists of 11 properties in five states and totals about $163 million in assets.

So far, Origin officials say Fund II has received subscriptions in excess of $30 million. When fully committed, Fund II will have at least 10 assets, with no single asset accounting for more than 10% of the equity. The firm has seeded Fund II with four investment properties.

• Lux24 – a 12-story, 67-unit multifamily development in Chicago with 4,400-square-feet of ground floor retail space.

• Naper Place – a mixed-use development in Naperville, a Chicago suburb, that features 49 apartment units leased to North Central College and 6,900-square-feet of retail space.

• Kingwood – a three-story, class A, 90,000-square-foot medical office building outside of Houston.

• Arium North Point – a 236-unit multifamily development in an affluent Atlanta suburb.

Fund II will take a diversified geographic approach. Origin examined US demographic trends, economic fundamentals and investment liquidity to identify 12 major markets to target and decided on the following: Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Houston, Minneapolis, Orlando, Phoenix, Seattle and Tampa.