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Carmel Partners Closes Fund V With $1B

SAN FRANCISCO—With the closing of Fund V, Carmel Partners has raised $3.16 billion since inception of the fund series in 2003.

By Natalie Dolce | Updated on July 07, 2014

SAN FRANCISCO—Carmel Partners has held a final close of its fifth US multifamily value creation fund, Carmel Partners Investment Fund V. The Fund closed in less than nine months from launch in October 2013.

The fund was oversubscribed on its $1.025 billion hard cap. With the closing of Fund V, Carmel Partners has successfully raised $3.16 billion since inception of the fund series in 2003 of which more than half, or $1.845 billion, has been raised post-global financial crisis through Funds IV and V, according to the firm.

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