Long Wharf raises equity for fifth fund
Long Wharf Real Estate Partners is currently fundraising its fifth fund, Long Wharf Real Estate Partners V, according to IREI’s FundTracker database.
The value-added fund launched in January with a $350 million target. The firm aims to hold a final close by the end of 2015. The fund will be invest in all the property types in the United States.
The fund’s predecessor, Long Wharf Real Estate Partners IV, closed in September 2013 with $253.45 million. Fund IV pursues distressed opportunities involving most property types, including such niche types as student housing and senior housing. The geographic focus is nationwide, with an emphasis on Chicago, Dallas, Los Angeles, New York City and Northern California’s Silicon Valley.