Hammes healthcare fund surpasses $325m

Hammes Co. has secured $325.5 million for its latest value-add healthcare fund, Hammes IV, according to a filing with the SEC.

Hammes IV will invest in a mixture of U.S. medical office buildings and ambulatory centers. The fund will either buy existing assets and improve them or invest equity in new development projects. Investors in the fund to date include New Jersey Division of Investment and Jacksonville (Fla.) Police & Fire Pension Fund.

Hammes III followed a similar investment strategy and closed fundraising in December 2017 after raising $687 million of equity.

According to the filing, a total of 40 investors have backed Hammes IV so far. An equity fundraising target was not disclosed.