Marble Capital closes fourth fund with $816m in capital commitments
Fundraising - OCTOBER 12, 2023

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Marble Capital closes fourth fund with $816m in capital commitments

by Andrea Zander

Marble Capital has held a final close for its Capital Fund IV and its associated co-investment vehicle with $816 million in capital commitments.

The fund is focused on making preferred equity investments in tandem with select common equity investments in multifamily developments across the country.

“We are thrilled with the overwhelming support provided by both new and returning limited partners,” said Adam Allen, co-founder and managing principal at Marble Capital. “With construction lending severely constrained, we believe our strategy is ideally situated to capitalize on today’s dislocated capital markets.”

David Oelfke, co-founder and managing principal, added, “We built this fund with a defensive investment strategy in mind and believe it will be able to withstand rising interest rates, lower valuations and dampened investment sales activity. In many ways, we view this as our golden moment from both an opportunity set standpoint and proof of con

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