To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionPrado Alpha Fund collects $200m in first close
The Prado Group, a privately held real estate investment and development company, has completed a $200 million first closing of its Prado Alpha Fund.
The fund is seeking to raise up to $250 million from strategic investors for co-investment with institutional joint venture partners. The Alpha Fund will make direct GP investments, GP co-investments and direct investments.
The Alpha Fund’s founding co-investors include key strategic private investors from San Francisco, Silicon Valley, Seattle, Los Angeles, Texas and New York City. The fund is targeting core-plus, value-add and opportunistic real estate investments in high-growth, knowledge-centric regions dominated by innovation ecosystems.
The fund’s investments will include primarily multifamily housing, retail and office.