DECEMBER 20, 2013

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Equus fund holds $309m final close

by Andrea Waitrovich

Equus Capital Partners has held a $309.8 million final close for its ninth fund, BPG Investment Partnership IX, according to a filing with the SEC. An official announcement has not been released, but the firm was expecting to hold a final close on Dec. 20. BPG Investment Partnership IX launched in 2011 with a $250 million fundraising goal.

The Equus fund held a fifth close in April with $157.2 million in equity commitments. At that time the fund had $63 million of its capital invested across seven assets in the United States. The fund acquires a mix of office, multifamily and industrial properties across the United States, and current investments are in Northern Virginia, the Philadelphia area and Scottsdale, Ariz.

A recent transaction is Village Park of Ballwin, a 251-unit mul

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