New York–based Atlas Capital Group, a full-service real estate investment, development and management firm, has completed the final closing of its Atlas Capital Investors VI vehicle with $405 million of equity commitments, exceeding its target of $400 million.
The investor mix included public and private pensions, endowments, foundations, asset managers, family offices and high-net-worth individuals, marking a 93 percent re-up rate from existing investors. Atlas notes that Fund VI also surpassed the predecessor vehicle, which closed at $318 million in 2018.
Park Madison Partners, a New York-based capital markets and advisory firm for global real estate alternative investments, served as the exclusive placement agent in the recent fundraise.
Fund VI, which launched fundraising in February 2020, will invest in value-add real estate opportunities in New York and Los Angeles — two markets the firm describes as having experienced significant headwinds as a result