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Sign in Sign up for a FREE subscriptionElion Partners closes first institutional industrial fund
Elion Partners has completed a $500 million fundraise of its latest value-added fund, Elion Real Estate Fund V, closing at its hard cap.
Commitments came from vintage funds within Goldman Sachs Asset Management, Wells Fargo Bank, Belay Investment Group, BGO Strategic Capital Partners, Artemis MWBE Spruce Program, Portfolio Advisors, and other major U.S. institutional investors and family offices.
Elion Real Estate Fund V, the firm’s first institutional industrial fund, will invest in logistics real estate assets in core infill U.S. coastal markets. Elion managing partner Juan DeAngulo said 60 percent of the fund’s commitments have been deployed across 21 assets, to date.
“As an emerging and diverse manager, the successful fundraise of our latest closed-end vehicle represents an important milestone in the institutional growth of Elion’s platform,” said Lindsey Sugar, senior managing director of Capital Markets. “We are grateful for the confidence entr
