Morrison Street Capital targets $250m with new fund

Morrison Street Capital has launched its sixth United States–based limited partnership vehicle, the Morrison Street Fund VI.

The fund is targeting a final close in March 2021 and looks to raise $250 million. It will pursue a diversified investment focus in core-plus assets across the United States.

Beginning in January 2014, Morrison Street Capital began investing on behalf of Morrison Street Fund V. Fund V targeted office, industrial, retail and multifamily assets, making debt investments nationwide and completing equity transactions throughout the Mountain and Western United States. Fund V is invested in a portfolio with a total cost of $390 million. The Fund's investments include equity, preferred equity and mezzanine loans.