Buoyed by the strong support from new and existing investment partners, including over $200 million from private wealth sources, Crow Holdings announced the final closing of Crow Holdings Development Opportunities Fund I, L.P. (DOF).
The fund will be managed by Crow Holdings' investment management company, Crow Holdings Capital and will focus on the development of industrial, multifamily, and select specialty properties.
The fund reached its hard cap of $750 million in total commitments over a six-month fundraising period and was oversubscribed shortly after the first close in September 2021, providing total anticipated capitalization, including anticipated leverage, of more than $1.5 billion.
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