Fundraising - MARCH 31, 2021

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SouthOcean Capital Partners launches fifth opportunistic real estate fund

by Kali Persall

SouthOcean Capital Partners has opened a new opportunistic fund to investors, according to a document filed with the SEC on March 26. The name of the new fund is SouthOcean Real Estate Partners V.

SouthOcean Real Estate Partners V’s main strategy will be to invest with developers who build class A multifamily apartments throughout the United States.

A fundraising target was not disclosed in the filing; however, the closed-end fund has already secured approximately $101.6 million from 118 investors.

The previous fund in the series, SouthOcean Real Estate Partners IV, had a $150 million fundraising target, according to an SEC filing from October 2019. At the time the fund had raised $81 million; however, it is unclear if or when the vehicle ever reached its fundraising target.

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