Berkeley Partners has held a final close of the Berkeley Partners Value Industrial Fund VI. Including associated sidecar capital, the fund raised $610.5 million in equity commitments, exceeding its original $500 million target.
Fund VI is a closed-end, commingled, value-add vehicle that invests in infill light industrial properties across select U.S. markets. As the latest in Berkeley’s commingled value-add fund series, Fund VI represents a continuation of the firm’s strategy of targeting supply-constrained, demand-driven markets where smaller-bay infill industrial product is essential to tenants and local economies. The fund is already more than 30 percent called, with the investment team having assembled a portfolio of seed assets during the fundraise.
“We are grateful to our limited partners for their conviction and trust in Berkeley Partners,” said Aaron Snegg, founding partner of Berkeley Partners. “Their support reflects the confidence we’ve earned th
