TA Realty has raised an initial $600m (€517.8m) for a new open-ended industrial fund, according to people familiar with the matter.

Âé¶¹Ó³»­ Real Assets understands that the capital raised by the TA Realty Logistics Fund will be used to invest in core-plus industrial assets in major US industrial markets.

TA Realty declined a request for comment.

The Logistics Fund is the second open-ended fund that TA Realty has formed over the past three years. The manager’s other fund, the TA Realty Core Property Fund, established in 2018, has a current gross asset value of $3.2bn.

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