BKM Capital Partners holds $160m first close for industrial fund

BKM Capital Partners, an institutional fund manager, has held the first close of its second institutional fund, BKM Industrial Value Fund II, with $135 million in equity commitments as well as $25 million in co-investments. The firm also currently has an additional $100 million of soft-circled equity commitments from European and U.S. institutional investors.

“Our first institutional fund, which closed in 2016 and is fully invested, has the same strategy as this second fund of acquiring value-add, multi-tenant industrial assets throughout major metro markets in the western U.S.,” said Nima Taghavi, chairman of the board and co-founder of BKM Capital Partners. “Additionally, we recently sold the first three assets in our Fund I.”

“We have an extremely strong pipeline of value-add investment opportunities, and this $160 million closing allows us to immediately begin deploying capital,” said BKM’s co-founder and CEO, Brian Malliet. “By being strategic in