Asana Partners announced today the final close of Asana Partners Fund III (the “Fund”) with aggregate equity commitments of $1.5 billion. A diverse group of institutional investors from North AmericaEurope, and Asia Pacific made commitments to the Fund.  It is Asana Partners’ fifth fund and the third in its flagship series of value-add funds focused on acquiring and repositioning mixed-use assets in high-quality urban and near-urban neighborhoods in the United States.

The Fund reached its hard cap of $1.5 billion and was oversubscribed within six months of commencing the marketing process.

Hodes Weill Securities, LLC acted as the exclusive placement agent to Asana Partners in connection with the private placement of interests to certain new investors in the Fund.

Read more: PR Newswire