BKM Capital raises $289m for second industrial fund

BKM Capital Partners, an institutional fund manager, has raised $289.4 million for its BKM Industrial Value Fund II, bringing the total equity commitments to $382 million. A final close was held in March 2019.

In addition to $289.4 million of equity commitments to the fund and parallel vehicles, BKM has invested a further $54.1 million of Fund II LP co-investment capital and has up to an additional $38 million of committed non-discretionary LP co-investment capital to deploy into this strategy. Together, this equates to more than $1 billion in buying power.

The fund has a diverse global investor base comprised of public and private pensions, insurance companies, asset managers, endowments, family offices, and high-net-worth individuals.

BKM Industrial Value Fund II was launched in 2017 with a $300 million fundraising target.

The fund, which had a first close in December 2017, is already being deployed into large business park portfolios throughout the Wes