Pearlmark has held a final closing for its Pearlmark Equity Partners II (PEP II).
PEP II is Pearlmark’s latest equity fund, focused on investing in multifamily and industrial properties in the middle market value-add space across the United States.
The fund held its final closing on July 1, 2025, reaching a total of approximately $267 million in capital commitments, inclusive of $45 million of co-investment capital alongside the Fund. PEP II seeks to acquire institutional quality assets under $100 million in gross asset value and is approximately 50 percent invested having made 10 investments to date, totaling more than $117 million in investment commitments across five multifamily and five industrial properties.
“We view the existing portfolio and strong pipeline as representative of our ability to identify and invest, at an attractive basis, in high-quality, institutional real estate, located in demographically compelling markets, which we believe will all