Berkshire Residential Investments has completed fundraising of its Berkshire Value Fund V, the firm’s fifth flagship value fund and largest equity fund to date. Fund V reached its hard cap and was oversubscribed.
The fund’s closing, combined with coinvestment vehicles, raised $981 million of total equity commitments. Berkshire said the commitments include $550 million of Fund V commitments and $431 million of coinvestment commitments.
The firm also secured an additional $370 million for future Fund V coinvestment opportunities, bringing total commitments raised to $1.35 billion.
Fund V will construct a portfolio of high-quality, well-located multifamily investments across the United States, with a primary focus on class A and class B apartment communities. The fund will seek to identify investment opportunities in niche residential sectors and special situations that could arise from inefficiencies and disruption in the U.S. housing markets, and it will impl
