ElmTree Funds announced the closing of its largest commingled fund to date, ElmTree U.S. Net Lease Fund IV.
The fundraising effort for Fund IV, led by Annie Hsieh, head of capital formation at ElmTree, did not include a private placement agent for the marketing process, and ElmTree nevertheless exceeded Fund IV's original hard cap of $800 million with $888 million of investor commitments.
Fund IV has approximately $2.5 billion in immediate investment capacity, of which approximately $800 million has been committed and deployed.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
