Equus has completed the final closing for its 14th value-add fund, Equus Investment Partnership, XII (Fund XII), raking in more than $465 million of equity commitments.
In addition, Equus raised and closed some $515 million in two co-investments involving large industrial portfolio acquisitions, which have been invested alongside Fund XII, bringing the total capital raised to $980 million.
The fund retained many of its investors from previous funds and also added a number of new limited partners from the pension, endowment, insurance and high-net-worth sectors.
Since its initial closing in the second half of 2021, Fund XII has made six investments, deploying $263 million of equity totaling more than $2.4 billion of acquisitions. The investments include four industrial portfolios totaling more than 14 million square feet as well as two multifamily communities totaling 495 units. The properties are located across Colorado, Arizona, Texas, Florida, Georgia, South C