RW Partners has announced its initial closing of its inaugural GP fund, RW Fund I L.P., with approximately $10 million of LP commitments.
RW Partners will continue to raise capital for the Fund, which will primarily invest in retail and self-storage properties as well as non-performing loans.
In partnership with other experienced operators, developers and financial institutions, the Fund will be used to acquire value-add properties and reposition obsolete or underperforming real estate assets throughout the Northeast, Southeast, Mountain West, and West Coast markets. With leverage, the initial closing for RW Fund I L.P. gives it approximately $285 million of buying power.