Faropoint, a vertically integrated real estate investment manager focused on urban logistics, has announced the launch of its flagship Industrial Value Fund IV, targeting $1 billion in capital commitments. The fund and its sidecar have secured a combined $225 million in seed commitments from the Teacher Retirement System of Texas (TRS).
Fund IV follows its predecessor, Fund III, which raised $916 million (including $29 million in co-investments), surpassing its $750 million target, and is now mostly deployed across approximately 200 properties representing $1.8 billion in gross asset value. Fund IV will continue its pure-play strategy and capitalize on ongoing urban logistics tailwinds, as well as the sector’s fragmented and largely uninstitutionalized nature, which has high entry barriers for traditional investors.
Fund IV will pursue assembling a portfolio of approximately 200 to 250 assets, primarily targeting suite sizes between 20,000 square feet and 40,000 squa
