Real Estate Investor Onward Debuts New Fund with $112M
Commercial and residential real estate investment firm Onward Investors held the first close of its third fund – Onward Investors Value Fund III – with about $112 million in capital.
The latest fund follows Onward’s Value Fund II, a $47 million vehicle closed in 2020.
OIVF III will pursue opportunistic debt and equity investments in commercial and residential real estate. Since inception in 2011, the firm has raised over $550 million of equity capital from fund investors as well as institutional joint venture partners and has invested over $1.1 billion of total capital.
“We believe we have the right team in place to generate superior risk-adjusted returns in the current uncertain economic environment. As a firm founded during the depths of the Great Financial Crisis, opportunistic investing is at the core of what we do,” said Onward managing partner Scott Schmitt.
Onward has already begun deploying capital from the fund, although specific amounts were not disclosed, and expects to hold a final close later this year.
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