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Stockbridge Closes Fifth Value-Add Fund at $709M
San Francisco-based Stockbridge Capital Group said Monday it had reached the final close of the fifth fund within its closed-end value-add series for $709 million in capital commitments. The final close marks the largest capital raise in the fund series’ history.
The fund was launched in April 2023 and will seek to identify real estate investments that Stockbridge believes are “undervalued, underutilized or otherwise not operating to full potential to capitalize on opportunities presented by the current economy,” the company said. These investments present the opportunity to add value through active management strategies that include additional capital investment, leasing, recapitalization, light renovation or development.
“Despite the current challenges of both the economic and capital raising environments, we are extremely pleased with the record-breaking final close of our fifth value-add fund,” said Doug Sturiale, portfolio manager for the fund series. “With the fifth fund, we will continue to execute the time-tested strategies we have put into practice throughout the life of the series.”
- ◦Sale/Acquisition
- ◦Financing
