Stockbridge holds $709m final close for fifth value-add fund

Stockbridge has held a final close for its fifth fund within its closed-end, value-add series for $709 million in capital commitments. The final close, held on April 19, marks the largest capital raise in the fund series’ history.

“Despite the current challenges of both the economic and capital-raising environments, we are extremely pleased with the record-breaking final close of our fifth value-add fund,” said Doug Sturiale, portfolio manager for the fund series. “With the fifth fund, we will continue to execute the time-tested strategies we have put into practice throughout the life of the series employing our extensive experience navigating the real estate cycle, and we are grateful for the ongoing trust our investors have within the series as well as Stockbridge.”

The fund was launched in April 2023 and will follow investment strategies similar to predecessor funds within the series, with the pursuit of strategic value-add opportunities in today’s uniqu