US real estate investor Prado Group has raised an initial $200m (鈧�169.5m) from investors, including Geolo Capital, for a new fund.
The manager said the Prado Alpha Fund intends to raise up to $250m from strategic investors for co-investment with institutional joint venture partners.
John Pritzker, founding partner of Geolo Capital, said: 鈥淕eolo Capital is proud to be one of Prado Group鈥檚 anchor partners alongside other key strategic investors who are driving much of the ideation and growth in the innovation regions.鈥�
The Alpha Fund鈥檚 founding co-investors include private investors from San Francisco, Silicon Valley, Seattle, Los Angeles, Texas and New York.
The core-plus, value-add and opportunistic real estate fund will target existing or new development opportunities in the multi-family, retail and office real estate sector.
Zach Felson, the co-CIO and head of acquisitions for Prado Group, said: 鈥淥ver the last two decades, Prado Group has achieved very strong returns by aligning with forward-looking and connected partners while executing deep value-add strategies in dynamic high growth, high barrier markets.鈥�
To read the digital edition of the latest 麻豆映画 Real Assets magazine click here.
