CapRockPartners is on track to oversubscribe its latestindustrial fund, despite the change in market conditions. CapRockPartners Industrial Value-add Fund III currently has $180 millionin commitments, close to its initial $200 million target. The fundis scheduled to close fundraising at the end of the year.

"We had our first closing in February, right before the pandemichit, and our target has always been to finalize the fund raise atthe end of this year," Jon Pharris, co-founder andpresident of CapRock Partners, tells GlobeSt.com. "We anticipate,based on investor interest, that we will be oversubscribed."

Investor interest in the fund has not waned, despite challengesin performing due diligence and in-person meetings due to thepandemic. "What has changed is the onboarding process for newinvestors," says Pharris. "It is more complicated to finalize duediligence efforts because of travel restrictions. Most investorstypically like to do it onsite and meet key members of the staff.We have had to come up with a few creative solutions to do that,and some of those are video calls, video presentations to replicatethe experience of an onsite visit and case studies. They get thesense of a site visit so they can continue with their due diligenceefforts. That has been helpful in maintaining investor interest,despite travel restrictions."