Elion Partners raises $117m for real estate fund

Elion Partners, a real estate private equity firm, has raised $117.64 million for its fourth real estate fund in the series, Elion Real Estate Fund IV, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Elion Real Estate Fund IV is a value-added real estate fund that will invest in properties throughout the United States. The firm seeks to raise $350 million in total equity commitments for the fund, according to the filing.

Through the fund, Elion Partners recently acquired a 66,819-square-foot infill industrial asset in Weston, Fla.

Elion Partners manages more than $2 billion in real estate assets through several closed-end funds and standalone permanent capital investment vehicles.