Cresset Partners reports movement with logistics, opportunity zone funds

Private investment firm Cresset Partners has closed its first industrial-focused fund, Cresset Real Estate Logistics Fund I, a year after opening to investors.

The fund raised more than $250 million to fund the development of nine state-of-the-art warehouse facilities. Fund I’s developments span five cities, all in markets that are experiencing high population growth as well as strong regional distribution and busy port and logistics activity.

Cresset has now launched a second industrial fund, Cresset Real Estate Logistics Fund II for investors.

Cresset is also one of the country’s largest managers in the qualified opportunity zone space. Cresset has closed its second opportunity zone fund, the $655 million Cresset-Diversified Qualified Opportunity Zone Fund II, and launched its third fund in the qualified opportunity zone space, Cresset-Diversified Qualified Opportunity Zone Fund III.

The firm’s first opportunity zone fund launched in March 2018, m