Gerding Edlen, a Portland, Ore.–based investment company, has raised $353 million for its Gerding Edlen Green Cities IV fund, a value-added investment vehicle launched in 2018.
A document filed with the SEC shows the fund was backed by 25 investors.
Gerding Edlen Green Cities IV is looking to raise $450 million and requires a minimum investment of $750,000 from any outside investor. The fund has increased significantly since its launch in December 2018, when it reported a fundraise of $193 million from 14 investors, according to an SEC filing.
Gerding Edlen Green Cities III, the previous fund in the series, closed with $416 million in 2017, exceedi
