Asana Partners Closes Initial Fund at $500MBy
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…
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