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Laxman Pai, Opalesque Asia: New York City-headquartered real estate investment management firm Edge Principal Advisors announced the final closing of its fourth real estate fund, Edge Principal Investments IV.
Fund IV closed with aggregate commitments over $560 million, said the firm which focused on opportunistic and value-add real estate.
Jeffrey Walker and Evan Mallah founded Edge in 2008 to focus on opportunistic and value-add real estate in strong growth markets throughout the United States.
Since inception, Edge has invested over $1 billion of equity, both with trusted operating partners and on a direct basis.
"We would like to thank all our investors for their confidence in Edge. The success of this fund raise is a powerful statement about our disciplined strategy and the commitment of the team to navigating today's investment environment," said Evan Mallah, a Principal at Edge.
"Fund IV is already approximately 25% committed across seven transactions and we see compelling opportunities ahead," added Evan.
Jeff Walker, also a Principal at the firm, further said, "We are thankful for the continued support of our existing investors and welcome the participation of many new partners. We are excited to have an increasingly diverse group of limited partners participating in our funds."
Fund IV attracted commitments from a broad set of investors including endowments, fund-of-funds, foundations, family offices and not-for-profit organiz...................... To view our full article Click here
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