Montgomery Street Partners raises $150m for MSP GP Fund II

IREI has learned that Montgomery Street Partners (MSP) has held a first close of $150 million for its MSP GP Fund II.

MSP GP Fund II has the existing capacity to acquire more than $1.5 billion of investments, according to the fund’s website.

The firm could not be reached to comment on its fundraising activity at the time of publication.

MSP is a demographically diverse commercial real estate investment firm that invests across property types, with a focus on assets that are historically more resilient to economic cycles. Current investments include land-lease communities, affordable housing, senior living, specialty care housing, student housing, senior unsubordinated ground leases, and high-barrier-to-entry self-storage.

Through its MSP GP Acquisition Fund and MSP GP Fund II, MSP has acquired $1.7 billion of real estate assets, representing $600 million of equity value, according to the firm.

MSP employs a value-add and opportunistic strategy, a