April 10, 2019
Charlotte, NC-based Asana Partners closed its second value-add fund, Asana Partners Fund II, LP with $800 million in equity commitments. The fund was oversubscribed and achieved its hard cap of $800 million within 12 months of commencing the marketing process. The fund is fully-discretionary and is targeting a range of retail investment opportunities in high-growth urban and infill neighborhood locations across the U.S.
Commitments came in from a diverse set of institutional investors, including public pension funds, corporate pension funds, insurance companies, endowments, foundations, sovereign wealth funds, and family offices. Asana’s Jason Tompkins says, “The quality of this investor base underscores the strength of our investment strategy and depth of our organization.”
Over the past 36 months, Asana has closed $2 billion of institutional equity commitments.
King & Spalding LLP acted as legal advisor to the fund. Hodes Weill Securities, LLC, acted as the exclusive placement agent to Asana.
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