Cortland has held a close for its Cortland Enhanced Value Fund VI (CEVF VI) and its affiliated entities, securing $1.5 billion in commitments, exceeding its $1 billion target.

“Fund VI seeks to capitalize on Cortland’s market scale and concentration in target U.S. growth markets, primarily in the Sun Belt and Mountain West, and leverage Cortland’s vertically integrated operating platform in pursuit of superior operating and investment results,” says Jason Kern, Cortland’s president of investment management. “Cortland has been patient and disciplined in not deploying abundant available value-added capital from mid-2022 to late 2023 during a challenging acquisition environment that corresponded with the unprecedented rise in U.S. interest rates. However, Cortland is now capitalizing on discounted asset prices and higher yields in an improving operating and capital markets environment, and Fund VI is now nearly 30 percent committed. By exceeding our initial target by