Greenpoint Partners is a New York investment group, with an affinity for Texas. It has launched a $500 million truck and trailer industrial outdoor storage fund where its first three targets have been from Texas. It’s latest strategic investment is in Semi-Stow, an Austin based semi-truck parking and trailer storage operator. GCM Grosvenor is GreenPoint’s lead investor for this strategy, in part through funds managed on behalf of large U.S. pension funds. The platform has already closed on its first two purchases, with a total storage capacity for more than 1,000 semi-trucks and trailers, in the Houston and Dallas–Fort Worth (see photo) markets.

Semi-Stow currently manages 30 sites totaling more than 5,500 truck and trailer spaces across the U.S. Greenpoint’s Chris Green added “We see a tremendous opportunity to partner with the entire Semi-Stow team to build a national portfolio of assets where new technologies can have an instant and significant impact in improving operations and the customer experience.”