CenterSquare Announces $100M First Close on Private RE Fund

Philadelphia-based real asset manager Centersquare Investment Management said it held a $100M first close for its latest private real estate fund, according to a September 5 news release.

Centersquare said the first round of capital for the new fund, which has a $400M target, comes from a mix of both new investors and those recommitting to the fund series. CenterSquare first filed on CenterSquare Value-Added Fund VI on August 14, and in the latest news release said that similar to its predecessor, the new fund “will pursue active value creation through a continued focus on middle market transactions characterized by resilient fundamentals that address challenges created by secular demand patterns.”

CenterSquare’s news release can be accessed here: https://www.centersquare.com/wp-content/uploads/2024/09/CenterSquare-First-Close-Announcement-September-2024.pdf

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!