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Alternative Assets  + Real Estate  |  December 7, 2023
Quilvest, Axis Launch $500M JV for IOS Strategy
Joe Palmisano
By: Joe Palmisano

Quilvest, Axis Launch $500M JV for IOS Strategy 

Quilvest Capital Partners, a private investment firm, and Axis IOS, a real estate investment platform, have formed a joint venture to acquire and run a portfolio of about $500 million for U.S. Industrial Outdoor Storage (IOS) facilities. 

The acquisitions will be centered in major logistical areas, with a concentration on prime assets that are well-located and functional, ready to profit on the sector’s rising customer demand. 

The partnership launched its business plan by purchasing a 16.8-acre plot in San Antonio, TX. The site will be transformed from a long-term owner/user to a multi-tenant campus that will serve heavy equipment rental vendors, as well as modular workforce, residential housing, and space rental product suppliers.    

“With our exclusive focus on the industrial outdoor storage sector combined with our team’s significant real estate experience, we are excited to form a partnership with Quilvest to execute in this high-potential sector,” said Crawford Arnold, Partner and Founder of Axis. 

Quilvest manages $7 billion in assets across real estate, funds & co-investments, direct private equity and private debt. The firm has acquired $1.2 billion in real estate through 87 properties. 

Axis acquires, develops, and manages IOS properties throughout the U.S. 

Pictured: 16.8-acre IOS site in San Antonio, Texas 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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