Global alternative investment firm Investcorp has set up a US industrial real estate investment venture with two unnamed “leading sovereign wealth funds”.
Investcorp said the $550m (€475.2m) investment vehicle will have a $1.6bn investment firepower to focus on industrial real estate in the US.
Herb Myers, co-head of real estate, North America at Investcorp, said the increasing pace of e-commerce adoption, especially throughout the pandemic, has demonstrated growing demand for last-mile logistics.
“This venture positions us well to expand our national industrial footprint in an asset class that we believe will continue to have strong fundamentals.”
To read the digital edition of the latest IPE Real Assets magazine click here.
