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JBG raises $379m for ninth fund
JBG Cos. has raised $379 million for its JBG Investment Fund IX, according to a filing with the SEC. The opportunistic fund launched this year with a $750 million fundraising goal. A final close date was not disclosed in the filing.
The firm acquires and develops a diverse mix of properties in the Washington, D.C., metropolitan area. Fund IX follows JBG Investment Fund VIII, which closed in 2011 with $752 million, and Fund VII, which closed in 2010 with $576 million. JBG Cos. is currently investing Fund VIII’s capital. Assets include the Jefferson Court at 1025 Thomas Jefferson St. NW, an eight-story, class A office building in the Georgetown neighborhood of Washington, D.C.
The fund series’ debut fund closed in 1999 with $28 million. JBG has raised roughly $3 billion of