September 8, 2017
Divco West Real Estate Services, LLC held its final close on DivcoWest Fund V, its fifth commingled value-add investment fund. Commitments totaled roughly $1.585 billion, making it DivcoWest’s largest fund to date with approximately 80% of the commitments from existing investors.
DivcoWest’s Stuart Shiff says, “We are pleased to have 25% of Fund V already designated to what we believe is an attractive group of investments. We look forward to continuing the creation and management of a dynamic and disciplined portfolio of real estate and real estate-related investments for our investors.”
DivcoWest engaged Greenhill & Co. as the global placement agent, and Goodwin Procter LLP represented DivcoWest as fund counsel in the establishment of Fund V.
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