Stockdale Capital launches debut real estate fund and holds first close

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Los Angeles-based real estate investment firm Stockdale Capital Partners is raising capital for its first-ever commingled fund, according to one of its investors.

Texas County & District Retirement System has approved a $75m (€66.1m) commitment to SCP Real Estate Opportunity Fund I, according to its website.

Stockdale, which declined a request for comment, has previously entered into joint ventures with individual institutional investors. These include a car-parking joint venture with Grosvenor Group, and a medical offices partnership with Quilvest.

According to sources that track fundraising, Stockdale is aiming to raise $300m for its first fund and held a first close in December, securing $130m of equity.

The fund is intended to acquire properties in the Southwest region of the US. Stockdale is based in Los Angeles with regional offices in Phoenix/Scottsdale, Arizona and Houston, Texas.

Texas County & District also disclosed two other real estate fund commitments, including a $125m investment in Blackstone’s latest global opportunity fund, Blackstone Real Estate Partners IX.

The other commitment was a $100m investment in Rockpoint Real Estate Fund VI, Rockpoint’s latest US opportunity fund.

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  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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