Dalfen Last Mile Industrial Fund V, a real estate fund managed by Dalfen Industrial, is almost halfway to its $500 million fundraising target, according to an SEC Filing.
The fund has secured more than $243 million from 72 investors.
Fund V, which invests in industrial properties in the United States, opened to investors in September 2021. The fund’s predecessor, Dalfen Last Mile Industrial Fund IV, closed in January 2021 with $290.6 million in equity commitments. Fund IV followed a value-add investment strategy with a focus on high-quality last-mile industrial assets.
In February, the Baltimore City Fire & Police Employees' Retirement System approved a $20 million re-up
