Asset Value Integral as Velocis Fund II Closes

Jim Yoder, Paul Smith, Fred Hamm, David Seifert and Mike Lewis of Velocis are pictured left to right.

DALLAS—Velocis Fund II has closed with equity commitments exceeding $270 million, according to Velocis, a private equity real estate manager. This brings Fund II assets under management to $400 million. 

“We believe our industry experience, relationships and proven ability to unlock value in select real estate assets were integral to a successful Fund II capital raise,” said Fred Hamm, Velocis managing principal. “In the six short years since Velocis was formed, we have raised approximately $415 million, leading to the acquisition of 21 assets across 10 markets. We are grateful for the support of our investors and look forward to continuing our success as we secure assets, create value and maximize the return for our investors.”