Crow Holdings has closed its Crow Holdings Realty Partners IX at $2.3 billion in commitments, marking it the firm’s largest fundraise to-date.
Fund IX surpassed its original hard cap of $2 billion due to backing from existing investors, as well as new investors such as global banks and insurance companies, pension plans, family offices, and high-net-worth individuals.
The fund invests in value-add real estate assets across the United States, primarily in industrial and multifamily, as well as in specialty sector opportunities such as manufactured housing, convenience and gas, self-storage, and student housing. Crow Holdings said more than 63 percent of the fund’s capital has already been committed across 62 investments, located primarily in the high-growth Southwest, Southeast and Mountain regions of the United States.
Despite being entirely raised during the COVID-19 pandemic, Fund IX was significantly larger than its predecessor, which closed with $1.3 bil