Stockbridge Targets $550M for Residential RE Fund

Stockbridge is aiming to raise $550M for a new residential-focused real estate investment vehicle, according to a January 7 filing with the SEC.

The San Francisco-based real estate investment manager has yet to begin sales of Stockbridge Residential Solutions Trust and indicated in the filing that it expects to be in the market fundraising for more than a year. Foreside Fund Services is assisting in marketing the fund across the US, with $24M earmarked for sales commissions.

Stockbridge manages real estate equity investments for institutional and private wealth investors in the US and abroad, offering solutions including open and closed-end commingled funds, as well platforms or club joint ventures. The firm invests in various types of properties across the risk spectrum in the US.

The firm most recently closed on a fund in April 2024, securing $709M in capital commitments for the fifth iteration of its value-add real estate fund. According to Dakota data, the fund counted a number of public pensions among its investors, including the Texas Municipal Retirement System, with a $125M commitment, and the South Carolina Retirement System, with a $75M commitment.