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Boston – Cabot propertiesValue Fund VII, an investor, developer and operator of logistics facilities in the United States, Europe and Asia-Pacific, announced final closing on $1.57 billion in equity commitments, exceeding the initial target of $1.5 billion. did.
Fund VII represents Cabot’s largest fund to date and demonstrates the growth of Cabot’s industrial platform, supported by historically strong fundamentals, and institutional demand for access to this sector. . Investors in the fund are a diverse group of global institutions, including endowments, foundations, public and corporate pension plans, asset managers and family offices.
The fund focuses on the acquisition, development and redevelopment of high-quality infill industrial assets concentrated in dynamic supply-constrained markets across the top logistics markets in the United States, Europe and Asia Pacific.
The fund primarily targets investments in multi-tenant buildings ranging from 50,000 square feet to 250,000 square feet, with the majority of the capital being deployed within the United States. Cabot aims to leverage nearly 40 years of experience, a global platform of regional offices, and a proven sourcing approach. Operational expertise to identify investment opportunities and create value. The vehicle is expected to represent an investment of approximately $3.5 billion, including leverage.
“The past year has been a difficult time for fundraising. Generally, the most difficult point in a cycle to raise capital is the best time to invest capital. Almost 90% of commitments are from existing investments. From home, we are very grateful for the strong support we have received from our long-term partners, many of whom have invested with us for over 20 years from Value Fund I. We are pleased and welcome many new investors,” said Franz Colloredo Mansfeld, Chairman and CEO of Cabot Properties.
Pat Ryan, President and Chief Information Officer (CIO) of the Value Fund Program, added: ”
Cabot has invested more than $15 billion since its inception and has established itself as a premier global investor in industrial assets. Fund VII is part of the firm’s flagship fund series, for which he has raised over $5.75 billion in equity to date. The fund has closed or committed approximately $1.2 billion in capital to date across 30 investments in markets including Chicago, Atlanta, Seattle, Amsterdam and Sydney. Consistent with Cabot’s strategy, the initial portfolio consists of modern, high-performance logistics facilities located in close proximity to an affluent consumer base and critical transportation infrastructure.
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