Elion Raises $ 500 Million for First Institutional Industrial Property Fund | news

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Elion Partners raised $ 500 million (€ 422 million) in the final closure of its latest value-added fund and its first institutional industrial facility.

Elion Real Estate Fund V has attracted investments from Vintage Funds Goldman Sachs Asset Management, Wells Fargo Bank, Belay Investment Group, BGO Strategic Capital Partners, Artemis MWBE Spruce Program, Portfolio Advisors and a number of other American institutional investors and family offices.

The company said it manages over $ 2 billion in real estate assets and is 100% minority-owned and its team is 65%.

“As a young and diverse manager, the successful fundraising with our latest closed system represents an important milestone in the institutional growth of the Elion platform,” said Lindsay Sugar, Senior Managing Director of Capital Markets.

“We are grateful for the trust placed in Elion by our new institutional capital partners and appreciate the continued support from our existing investors who have invested with Elion over a decade.”

The fund is targeting logistics real estate assets in the major US coastal markets.

“Our relationship and data-driven approach to finding opportunities early on has allowed us to remain active throughout the pandemic, leveraging approximately 60% of the fund’s commitment to 21 assets to date,” said Juan DeAngulo, Managing Partner at Elion.

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