Alterra Property Group and Park Madison Partners announced the final close of the fund Alterra IOS Venture II, LP. Venture II was oversubscribed, closing $524 million of total commitments, exceeding the original fundraising goal of $400 million.
Limited partners in the fund included a wide mix of public and private pensions, endowment and foundations, asset managers, family offices, and high net worth individuals.
Venture II is a continuation of Alterra's Industrial Outside Storage (IOS) investment strategy launched in 2016. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations.
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