South Street Partners closes inaugural luxury resort and residential fund

South Street Partners, the largest owner of private residential club and resort communities in the Southeast, has completed the final close of its inaugural discretionary commingled fund, SSP GP Fund I.

The fund raised more than $225 million of commitments from a broad range of high-quality limited partners including family offices, registered investment advisers, wealth management firms, funds-of-funds and high-net-worth investors, significantly exceeding its original target of $100 million.

SSP GP Fund I was formed to execute on opportunistic, value-added and special situation investment opportunities in real estate assets located in the southeastern United States, as well as select U.S. and international markets. The fund can invest across the entire spectrum of real estate asset classes but will be primarily focused on upscale and luxury resort and residential opportunities. It has already made its first two investments — a 20,000-acre private residential club an