Davis Companies Expands Capital Base by $977.1 Million Amidst Challenging Real Estate Fundraising Cycle
Boston-based Davis has successfully raised $877.1 million for its latest fund, Davis Investment Ventures Fund V, and an additional $100 million through a co-investment sidecar vehicle. This marks the largest fund to date for the company amidst one of the most difficult fundraising cycles in over a decade within the real estate industry.
Fund V will focus on taking advantage of market disruptions across various commercial real estate asset classes, with investments already made in Florida, New York, Virginia and their home state of Massachusetts and Rhode Island.
According to President Stephen Davis: “Despite current challenges facing private real estate capital raising efforts, our success with closing Fund V demonstrates strong support from investors who recognize our vertically integrated developer/operator platform’s ability to unlock superior investment opportunities during times of disruption and uncertainty.”
Investors in this latest fund include major pension funds, university endowments,
foundations,single family offices,and high net worth individuals as well as offshore sovereign wealth funds.
The exclusive U.S institutional placement agent for Davis was Park Madison Partners.
Image source: Boston headquarters
