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Middle Market Digest: The Mid-Atlantic

WASHINGTON, DC--Following are deals and news from the Mid-Atlantic region from the past few days.

By Erika Morphy | erikamorphy | Updated on January 27, 2017

Photo by Dulles Glass and Mirror Photo by Dulles Glass and Mirror

NEWS & NOTABLES

CHARLOTTE, NC–Asana Partners has announced the final close of Asana Partners Fund I with $500 million in equity commitments. The investors ranged from state pension funds, municipal pension funds, corporate pension funds, insurance companies, and endowments. The fund was oversubscribed and achieved its hard cap of $500 million within nine months of launch. The fund is targeting retail real estate investment opportunities in high growth urban and infill neighborhood locations in the United States. Twenty-five percent of the fund’s equity commitments have already been invested in or committed to neighborhood retail markets in Washington, DC, Charlotte, Atlanta, and Austin.

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