Jan
30
Asana Partners Closes Initial Fund at $500M
ByThe company is targeting retail real estate investments in high-growth urban and infill neighborhoods across the United States.
(L to R): Terry Brown, Sam Judd and Jason TompkinsCharlotte, N.C.—Asana Partners has closed its Asana Partners Fund I with $500 million in equity commitments, the vertically integrated retail real estate investment management firm announced late last week.
The fund reportedly was oversubscribed and achieved its hard cap of $500 million within nine months of launch, with commitments from a diverse set of investors that included state, municipal and corporate pension funds; insurance companies; and endowments.
Fund I is targeting a range of retail real estate investment opportunities in high-growth urban and infill neighborhood locations in the United States. Twenty-five percent of its equity commitments have already been invested in or committed to neighborhood retail markets in Washington, D.C.; Charlotte; Atlanta; and Austin…
