Belveron Partners, a privately held real estate investment management firm focused on the preservation and creation of affordable housing assets, has announced the final close of its seventh fund, Flagship Fund VII, with $354 million in capital commitments.
Fund VII exceeded its target size of $350 million and is the largest fund raised by Belveron to date.
Fund VII has generated a diverse group of new institutional capital partners as part of its recent vintage, including a sovereign wealth fund, a pension fund, a university endowment, family offices and outsourced CIOs (OCIOs).
“We are incredibly grateful for the support of our longtime investors and are pleased to welcome new institutional thought partners to Fund VII,” said Paul Odland, founder and managing partner at Belveron. “This continued confidence reflects Belveron’s ability to expand its capital base and build on our track record of thoughtful, yield-focused affordable investments in this nua
