February 7, 2017
BKM Capital Partners launched its second institutional fund, BKM Industrial Value Fund II LP. The new fund will target $300 million in equity commitments, delivering $850 million in buying power.
The fund will invest in the acquisition, improvement and repositioning of undervalued multi-tenant light industrial business parks in markets across the Western U.S. Last year, BKM closed a $135-million debt fund that included raising more than $105 million in fund equity and $30 million in co-investment equity.
BKM’s Nima Taghavi said, “The key to our platform’s success is our specific focus on multi-tenant light industrial assets, a strict underwriting discipline with a meaningful amount of margin of safety in all of our assumptions, and an intensely hands-on approach with our asset management and property management.”
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