Mesirow Financial Real Estate Value Fund IV raises $243m

Mesirow Financial Real Estate Value Fund IV, a value-add fund managed by Mesirow Financial, has raised $243.2 million against its $1 billion target, an SEC filing from April 30 has revealed.

According to the filing, the total offering includes max aggregate capitalization of the main fund along with affiliated parallel and feeder funds. The total sold will include only amounts invested directly into the main fund by the feeder fund and outside investors.

The fund’s strategy primarily focuses on the U.S. multifamily sector and has a secondary focus on the student housing sector.

In October 2019, the Chicago Transit Authority Employees Retirement Plan committed $35 million to Mesirow Financial Real Estate Value Fund IV.

Mesirow Financial closed the