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CRG Launches Second Logistics Fund, Targets $1.5B of Development
CRG, the real estate investment and development arm of Chicago-based Clayco, launched U.S. Logistics Fund II, a fund that will develop a projected $1.5 billion of e-commerce and distribution facilities across key logistics markets throughout the U.S. over the next three years.
The new fund is open to high-net-worth individuals, family offices, wealth management advisers and other accredited investors. In addition, CRG is setting a target of 10% investment from diverse investors. CRG will strategically target a pool of qualified investors including women and persons of color.
“We are bullish on the growth of e-commerce logistics and excited to expand access to these types of investments through USLF II,” said CRG president Shawn Clark. “We believe this fund is first of its kind. It’s a natural step in our firm’s evolution and strengthens our position as the most vertically integrated development and building delivery firm in the country.”
- ◦Development
- ◦Financing
