The Davis Cos. completes fundraising for fourth fund
The Davis Cos. has closed its latest value-add real estate fund, Davis Investment Ventures Fund IV, with total equity commitments of $777.5 million, significantly exceeding its original fundraising target of $650 million. Commitments were made by a diverse group of limited partners, including public pension plans, insurance companies, endowments, foundations, family offices and high-net-worth investors. Park Madison Partners acted as the exclusive institutional placement agent on behalf of DIV IV.
“We are extremely grateful for the strong support that we have received from our limited partners, including both long-standing and new investors,” said Jonathan Davis, Davis Cos. founder and CEO. “We plan to continue to bring to bear our core strengths in deploying Fund IV’s capital — our fully integrated operating platform focused on identifying and realizing on hidden value and market inefficiencies across economic cycles, our proven ability to capitalize on distress in