Stockdale Capital Partners has launched a debut fund to focus on real estate opportunities. The fund had an original target of $300 million, but has well surpassed expectations with $550 million in commitments from pension plans, foundations, individuals and endowments. The fund will focus on investment in the Southwest region.

"Stockdale has a 30-year history in its core markets across the Southwest, as an owner-operator that has flexibility and value-add experience across asset classes," Dan Michaels, managing director at Stockdale Capital Partners, tells GlobeSt.com. "Given this significant history, flexibility, as well as a GP co-invest of 10% and identifiable assets in the pipeline, Stockdale was able to garner an array of both public & private pension funds, endowments, global investment managers and international LPs for our inaugural commingled, discretionary fund."

The fund is already 30% committed. Equity commitments includes $330 in primary commitments and $220 million in co-invest funds. The firm had identified a group of fund investors that required additional capital.