**Berkeley Partners Exceeds Target with Sixth Value-Add Industrial Fund**
Berkeley Partners, a private equity real estate investment manager specializing in light industrial assets, has announced the final close of its Berkeley Partners Value Industrial Fund VI, L.P. The fund raised a total of $610.5 million in equity commitments, surpassing its original $500 million target when including associated sidecar capital.
Fund VI is a closed-end, commingled, value-add vehicle focused on investing in infill light industrial properties across select U.S. markets. As the latest installment in Berkeley Partners’ series of commingled value-add funds, Fund VI continues the firm’s strategic emphasis on supply-constrained, demand-driven markets. These markets often require smaller-bay infill industrial product, which plays a crucial role in supporting both tenants and regional economies.
Aaron Snegg, founding partner at Berkeley Partners, credited investor trust in the firm’s focused investment thesis and longstanding track record in the light industrial sector.
“The support of our limited partners reflects the confidence we’ve earned through our disciplined investment thesis, our track record in the light industrial sector, and the long-term relationships we have built with our investors,” Snegg said.
The fund is already over 30% called, with the investment team actively assembling a portfolio of seed assets during the capital raising period.
*Pictured: A Berkeley Partners industrial property in San Antonio.*
