Asana Partners launches second real estate fund

Asana Partners, a real estate investment company based in Charlotte, N.C., has launched its second fund, Asana Partners Fund II, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Asana Partners Fund II is a value-added real estate fund. Through its funds, the firm invests in distinctive retail properties in dynamic urban markets in the United States. According to the filing, the firm seeks to raise $800 million for the fund.

The fund has already received a $75 million commitment from the $23.7 billion New Mexico State Investment Council. New Mexico State also committed $75 million to the first fund in the series, Asana Partners Fund I, in 2017.

In recent transactions, Asana Partners acquired 47,000 square feet of retail — including the 38,000-square-foot Whole Foods Market at Novel Stonewall Station in Charlotte, N.C., for nearly $34.1 million.