Fairview Partners Hits $75M Initial Close for Eighth Flagship RE Debt Fund
Fairview Partners Investment Management, LLC has held the initial close of its eighth flagship debt fund, Fairview Investment Fund VIII, LP (Fund VIII), with $75 million in anchor commitments toward its $250 million target. This positions Fund VIII to potentially become the firm’s largest capital raise to date.
Fund VIII will pursue a diversified portfolio of senior secured private real estate loans, consistent with its previous funds. The fund will concentrate on two underserved market segments: distressed debt and small- to mid-balance loans.
Nels Stemm, founding principal at Fairview Partners, commented on the current market conditions, stating, “We are seeing robust activity in the loan sale market, and also for our unique forms of real estate financing.” He further explained that “Distress in the market is widening out from office to other property types, and permanent lenders have begun to tire of extending their loans and are looking to clean up their balance sheets.”
Fund VIII has a four-to-six-year target life and will invest opportunistically across a variety of collateral types.
Founded in 2011, Seattle-based Fairview Partners has sponsored 10 funds and invested more than $750 million across nearly 500 loans
Pictured l to r: Nels Stemm and Carson Rasmussen, founding principals
