Faropoint, a tech-enabled, US industrial real estate investment manager, announced the final closing of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.
This fund has secured investments from premier institutions across North America, Europe, and the Middle East, including public pension plans and insurance firms, emphasizing Faropoint’s strong market reputation and track record. This fundraising follows the prior successes of Faropoint’s Value Funds I and II, which pursued a similar strategy of aggregating institutionally inaccessible assets to achieve a premium through a portfolio sale.
So far, Fund III has acquired over 80 urban industrial warehouses across 12 US markets, and aims to buy more than 200 warehouses throughout its deployment period. With deals averaging under $10 million, the Fund is diversifying its assets across different markets, sectors, tenants, vintages, and build types to optimize portfolio composition.
As Faropoint continues growing and expanding its portfolio, the firm remains committed to delivering exceptional value and performance to its investors through strategic acquisitions and efficient management of industrial assets.
Threadmark Partners Limited supported the fund raising as the global placement agent.
KEY QUOTES:
“Exceeding our fundraising target for Industrial Value Fund III is a testament to the confidence our investors have in our strategy and execution capabilities. Our focus on urban logistics and our ability to capitalize on off-market opportunities, combined with our advanced data and machine learning tools, uniquely positions us to optimize risk-adjusted returns.”
– Adir Levitas, CEO of Faropoint
“Despite a challenging fundraising environment, the successful closing of Fund III marks a significant milestone for Faropoint. Our unique strategy and resilient asset class have attracted significant investor commitments from multiple continents, validating our investment approach and operational expertise. This achievement is a testament to the dedication and hard work of our exceptional team, whose efforts have been instrumental in driving our success. We are excited to continue building on this momentum and delivering exceptional results for our investors.”
– Raz Rahamim, Global Head of Capital Development and Investor Relations of Faropoint
