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Crow Holdings closes U.S. Diversified Value-Add Real Estate Fund at $3.1b
Fundraising - FEBRUARY 21, 2024

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Crow Holdings closes U.S. Diversified Value-Add Real Estate Fund at $3.1b

by Andrea Zander

Crow Holdings has held a final close of Crow Holdings Realty Partners X at $3.1 billion of commitments with more than 70 percent of prior investors re-upping their investment in the flagship value-add fund series, and with significant participation from new investors that includes global banks, sovereign wealth funds, insurance companies, pension plans, family offices and high-net-worth individuals.

 

In addition to investments in the primary fund, the fund manager secured co-invest agreements totaling nearly $600 million in equity capital, resulting in the potential for approximately $3.7 billion in total investable equity for the strategy.

Fund X, which is managed by Crow Holdings’ investment-management company Crow Holdings Capital (CHC), marks the firm’s largest fundraise to-date and is a nearly 35 percent increase from the $2.3 billion of commitments raised for the predecessor Fund IX. Fund X intends to invest in value-added real estate assets acro

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