Belveron Partners Amasses $354M for Seventh Real Estate Fund
Belveron Partners, a privately held real estate investment management firm focused on affordable housing, has closed its largest fund to date, Flagship Fund VII, at $354 million, surpassing its $350 million target
The fund attracted a diverse group of new institutional capital partners as part of its recent vintage, including a sovereign wealth fund, pension fund, university endowment, family offices, and outsourced CIOs. Since its inception, San Francisco-based Belveron has organized seven discretionary funds and several joint venture vehicles with aggregate capital commitments of more than $1.2 billion.
“This continued confidence reflects Belveron’s ability to expand its capital base and build on our track record of thoughtful, yield-focused affordable investments in this nuanced segment of the real estate market,” said Paul Odland, founder & managing partner.
To date, Fund VII has committed approximately $120 million of equity to nine affordable housing investments.