DivcoWest raises $623m for fourth fund
DivcoWest has raised $623.1 million for its fourth fund, Divco West Fund IV, according to a filing with the SEC. This is an additional $24 million over the equity raise the fund filed a couple weeks ago in late December.
The fund launched August 2013 with an $888 million fundraising goal. It had a $125 million first close only 15 days after opening. The value-add fund is expected to continue its predecessors’ strategy of investing in office and industrial properties in technology-oriented growth markets.