Lionstone Investments, a Houston-based private equity investment firm, has put a new real estate fund on the market, Lionstone U.S. Value-Add Five, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Lionstone U.S. Value-Add Five is a value-added real estate fund that will invest in high-quality office, retail and mixed-use assets. According to the filing, the firm is seeking $600 million for the fund.
The fund’s predecessor, Lionstone U.S. Value-Add Four, held a $450 million final close in 2017. The fundraising included the commingled fund and a co-investment sidecar.
