DECEMBER 20, 2013

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DivcoWest raises $599m for fourth fund

by Andrea Waitrovich

DivcoWest has raised approximately $599.3 million for its recently launched fourth fund, according to a filing with the SEC. DivcoWest Fund IV launched in August 2013 with an $888 million fundraising goal.

The value-added fund replicates its predecessor’s investment style, targeting office and industrial properties in technology-oriented growth markets.

Recent investors include the Massachusetts Pension Reserves Investment Management Board and the Kentucky Retirement System.

DivcoWest Fund IV is a follow-up to the firm's F

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