Chicago — Heitman has announced the final closing of its fund, Heitman Value Partners IV (HVP IV).
The company received capital commitments of more than $1.1 billion, surpassing its initial target of $750 million. HVP IV is the fourth in Heitman’s North American, closed-ended, value-added fund series founded in 2003. Through these funds, the company has invested $7.6 billion. The objective for HVP IV is to assemble a diversified portfolio of traditional and specialty properties.
“We are pleased to announce the final close of Heitman Value Partners IV and are grateful for the strong support from our clients that allows us to execute our North American value-added investment strategy,” says Maury Tognarelli, CEO of Heitman. “We remain constructive in the later stage of the economic and investment cycle, and continue to see opportunities in today’s complex market environment that will serve our client’s property investment objectives.”