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Atlas Capital Group Closes Value-Add Real Estate Fund at $405M
Midtown Manhattan-based Atlas Capital Group has reached the final close of Atlas Capital Investors VI, LP (“Fund VI”). The $405-million Fund VI, which has also secured $120 million of co-investment commitments, will invest in value-add real estate opportunities in New York and Los Angeles.
Atlas believes the pandemic and recent capital market volatility will create opportunities to make acquisitions at an attractive basis.
Fund VI launched fundraising in February 2020, with the pandemic delivering significant challenges to Atlas’ target markets of New York and Los Angeles. Despite the uncertain outlook, Fund VI received strong institutional investor support. More than 93% of the investors from Atlas’ 2018-vintage predecessor vehicle have re-committed to Fund VI.
Investors in the fund include a mix of public and private pensions, endowments, foundations, asset managers, family offices, and high net worth individuals. Park Madison Partners served as the exclusive placement agent.
Pictured; Atlas headquarters in Midtown Manhattan.
- ◦Sale/Acquisition
- ◦Financing
