Stockbridge Capital Group has launched a new open-end core-plus vehicle, the Stockbridge Niche Logistics Fund, with initial commitments of $352.75 million.
According to a recent SEC filing, six investors have backed the vehicle, including the Public Employees Retirement Association (PERA) of New Mexico and the Texas Municipal Retirement System (TMRS), which have each invested $100 million in the new fund.
TMRS has been an investor in Stockbridge’s value-add series since 2011, and PERA is a new investor in that strategy. In addition to the smart markets fund and value-add strategy, this is the first new strategy Stockbridge has launched since 2011.
The new strategy will invest across the supply chain of industrial assets, including truck terminals, outdoor storage and drop locks. Stockbridge Niche Logistics Fund will look to the traditional gateway markets, as well as what has been classified as em
