Dallas-based Crow Holdings Capital Partners said Thursday that it has raised $1.067 billion for its sixth real estate fund. The pool’s initial target was $750 million. According to the firm, the fund will be used to invest in a wide variety of sectors that include industrial, retail, office, hotel and medical.
DALLAS, October 10, 2013 — Crow Holdings Capital Partners, L.L.C. (“CHCP”), a diversified investment firm, today announced that it has successfully closed Crow Holdings Realty Partners Fund VI at $1.067 billion. This exceeds the initial target of $750 million due to demand from current and new partners seeking to benefit from investment opportunities in the market today.
Consistent with CHCP’s prior funds, Fund VI will pursue a disciplined investment strategy focused on acquiring a diverse portfolio of assets that generate current income and benefit from capital appreciation. The Fund will acquire investments in various asset classes, including industrial, retail, office, multi-family, convenience & gas stores, hotel, medical, and land.
Bob McClain, Head of Real Estate at CHCP commented, “Our success over the years derives from our real estate professionals’ fundamental approach to – and deep understanding of – real estate value creation. The successful closing of Fund VI affirms this approach, and we are delighted by the enthusiastic reception from existing and new partners alike.”
Anne Raymond, President of Crow Holdings Capital Partners, added “We are very grateful to our partners for their support and continued confidence in our team. Our many years of experience investing through real estate cycles and strong alignment with our partners guide our cautious approach to the markets – which is valued by our institutional investors.”
About Crow Holdings Capital Partners, L.L.C
Since inception in 1998, Dallas-based CHCP and CHCP-affiliated entities have managed six private equity real estate funds. Equity capital from these funds totals approximately $4.1 billion, approximately $675 million of which has been committed by Crow Family Holdings. CHCP includes more than 70 employees who are dedicated to real estate acquisitions and asset management, finance, diversified investments, legal services, portfolio and risk management, investor relations, human resources and administrative support. This includes 40 professionals solely dedicated to real estate. For more information on CHCP, visit CrowHoldingsCapital.com/Real-Estate/About-Us.