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Venture capital and advocacy firm DHS raises $650m for its largest real estate venture capital fund

Wednesday, December 16, 2020

Laxman Pai, Opalesque Asia:

DHS, the venture capital and advocacy firm focused on technologies for the global real estate industry, announced the close of its second real estate technology fund.

The oversubscribed $650 million Fund II more than doubled the size of DHS' initial fund, which closed in May 2019 at $212 million.

DHS' first fund was raised from nine strategic real estate investors in the US only; Fund II attracted strong global investor interest from over 50 corporate strategic investors from 11 countries, bringing the firm's total assets under management to over $1 billion.

"DHS raised $650 million for its Fund II from the largest and most influential owners, operators, and developers of real estate globally. These investors represent the most sought-after customers and partners for the entrepreneurs and startups into which Fifth Wall invests," the firm said in a press release.

Some of the investors participating in Fund II include Vittor in France, Sandling Properties in Spain, British Land and PEGRO in the UK, Kenedix and Mitsubishi Estate in Japan, Keppel Corporation in Singapore, and many in the United States, it said.

DHS' Fund II is now the largest active venture capital fund in the Chicago area and the firm has grown from 20 employees at the time of its initial fund close in May 2019 to more than 150 employees today, the release added.

"As the real estate and technology industries increasingly converge, DHS has become c......................

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