IRVINE, CA—BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has closed its debut institutional fund, BKM Industrial Value Fund I, L.P., with $105 million in equity commitments and $300 million in buying power.
The fund's commitments come from both institutional investors as well as a small pool of high net worth investors. “We took an approach that is different than other first time funds,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners. “Rather than immediately pursuing institutional capital after launching our business, we invested our own capital to build out a real organization.”
According to Malliet, BKM recruited and hired a highly experienced management team with a proven track record in operating in an institutional grade real estate investment fund business. The firm also raised a friends and family round in order to acquire close to $100 million in seed assets.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
