Equus Capital Partners, a private equity real estate fund managers, announced the close of BPG Investment Partnership IX, LP (Fund IX), with equity investments totaling $310 million.
Fund IX officially closed on December 13, 2013, and is targeting value-add office, multifamily, industrial and retail investments located in major metropolitan centers throughout the United States.
“The response has been very positive, with investor commitments exceeding our $250 million goal by 24 percent,” said Joseph G. Nahas, Jr., senior vice president, institutional marketing and investor relations, of Equus.
Over the last 20 years, Equus has raised nearly $3 billion of discretionary equity through the formation of nine co-mingled, closed end funds and one co-investment fund.
Fund IX investors include pension funds, endowments, foundations, Taft-Hartley plans and high net worth individuals.
Fund IX has already invested $83 million .
