Leading IOS-focused investment manager Catalyst Investment Partners announced it has held a final close of Catalyst IOS Fund II oversubscribed with $186.9 million in LP commitments. Fund II received domestic and international broad-based institutional interest, surpassing a fundraising target of $150 million. This fund is the second in the firm’s IOS Fund Series focused on densely populated and infill industrial markets with high barriers to entry.
IOS properties are low-building-coverage industrial properties that make up the backbone of the supply chain. These properties include truck terminals, industrial service facilities, material or equipment laydown yards, etc.
Fund II will grow the Catalyst IOS portfolio to over $500 million in gross asset value, made possible by the firm’s 20-person team dedicated purely to IOS. The firm’s sizeable headcount relative to fund size enables a focus on smaller individual transactions in higher barrier-to-entry, supply-constrained markets with outsized rent growth potential.
Incubation Capital acted as a placement agent for the fundraising. And Jonathan Glick and William Edge led distribution and marketing on behalf of Incucap.
KEY QUOTES:
“Investor interest in IOS is strong and growing, and we are excited to add several new institutional investors into this fund series. We are grateful to our new and existing LPs for their trust and support.”
– Dan Haroun, Co-Founder and Partner at Catalyst
