AJ Nashville Phase II Opportunity Fund LLC raised $109.4 million from 130 investors, close to its target of about $113.3 million.

The private equity fund is managed by real estate investment manager AJ Capital Partners, officially known as Adventurous Journeys Capital Partners LP. Founded by Benjamin Weprin, the firm has more than $1.7 billion gross fair market value of assets under management, according to its website.