Elion Partners has so far raised $400m (€371.5m) for its second US industrial real estate fund, according to sources.
IPE Real Assets understands that the Elion Industrial Fund II fund, with a $750m fundraising target and a $1bn hard cap, is expected to have a final close in June this year.
Elion Partners raised $500m in August 2021 for Elion Industrial Fund I, the manager’s first value-added fund and its first institutional industrial vehicle.
According to sources, the latest fund has recently received a $75m commitment from the District of Columbia Retirement Board and a $20m commitment from the Illinois State Board of Investment.
IPE Real Assets also reported that the Teachers’ Retirement System of the State of Illinois approved a $50m commitment to the fund.
Elion Partners, which declined a request for comment, is known for investing in logistics real estate assets in core infill US coastal markets.
To read the latest IPE Real Assets magazine click here.
No comments yet