Asana Partners Announces Final Close of $800 Million Fund
CHARLOTTE, N.C., April 8, 2019 /PRNewswire/ -- Asana Partners ("Asana") today announced the final close of its second value-add fund, Asana Partners Fund II, LP (the "Fund"), with $800 million in equity commitments. The Fund received commitments from a diverse set of institutional investors, including public pension funds, corporate pension funds, insurance companies, endowments, foundations, sovereign wealth funds, and family offices.
The Fund was oversubscribed and achieved its hard cap of $800 million within 12 months of commencing the marketing process. The Fund is fully-discretionary and is targeting a range of retail real estate investment opportunities in high-growth urban and infill neighborhood locations across the United States.
Read the full press release here.