Hammes Partners, one of the leading institutional investment management firms focused on the U.S. healthcare real estate market, announced the final closing of its third closed-end value-add fund, Hammes Partners IV, L.P., with $739 million in capital commitments. The oversubscribed Fund achieved its hard cap within seven months of its launch, receiving strong support from existing investors and consulting relationships, and substantial interest from a diverse base of new investors.
Building on Hammes’ track record of successful investing that spans two decades and drawing on its roots as an operator, the Fund will invest in acquisition and development opportunities in U.S. healthcare real estate, similar to prior funds. Hammes intends to utilize its longstanding industry relationships and expertise to take advantage of strong secular trends, including an aging population and healthcare services increasingly provided through outpatient venues.
Investors in the Fund include endowments, foundations, pension funds, insurance companies, family offices, investment and wealth managers, and fund of funds.
Read more: BusinessWire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.