Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, has closed its SW Fund I RE Fund at $26 million capital commitments, exceeding the fund’s target by $1 million.
The fund will target class-A and class-B multifamily assets in emerging U.S. markets.
Investors in SW Fund I include the company’s professional affiliates, high-net-worth individuals and Stoneweg U.S. employees. Stoneweg U.S. will serve as the exclusive general partner for the fund, a first-time for the company.
“This is an epic accomplishment and a momentous time for the company and our investors,” said Patrick Richard, CEO of Stoneweg U.S.
The fund began fundraising in October 2019. By January, the company had already collected 80 percent of the total targeted equity. Stoneweg U.S. said it plans to increase the portfolio’s value by an additional $500 million to $600 million.
“The addition of SW Fund I allows us to broade
