Stockbridge has exceeded the $500 million fundraising target for its Stockbridge Value Fund IV, collecting a total of $562 million.
Stockbridge Value Fund IV is targeting distressed industrial, multifamily, retail and office investments across the United States. The fund opened to investors in November 2019.
The fund’s investor base includes the San Mateo County (Calif.) Employees’ Retirement Association and the Montana Board of Investments.
Stockbridge declined to comment on its fundraising activity.
