trending Market Intelligence /marketintelligence/en/news-insights/trending/eftirxxriq5mmevjilpn4a2 content esgSubNav
In This List

BKM holds $160M 1st close for 2nd industrial real estate fund

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


BKM holds $160M 1st close for 2nd industrial real estate fund

Institutional fund manager BKM Capital Partners raised $160 million for its second industrial real estate vehicle at first closing.

The capital comprises $135 million in equity commitments and $25 million in co-investments. BKM also has soft-circled equity commitments totaling $100 million from U.S. and European institutional investors, according to a news release published on The PE Hub Network.

BKM Capital co-founder and Chairman Nima Taghavi said in the release that the investor base for BKM Industrial Value Fund II LP includes a U.S. college endowment, state pension fund, insurer and fund of funds; a German trust; and a Canadian family office.

The fund will focus on the purchase, improvement and repositioning of distressed and undervalued multitenant light-industrial properties across the western U.S., with a focus on strong growth markets.

The firm has already purchased four assets for the vehicle, including Hughes Airport Center II in Las Vegas; Activity Business Center in San Diego; Inverness Business Park in Denver; and Expo Centre in Sacramento, Calif., with two additional properties in escrow, according to the release.