CRG Raises $300M For Latest Industrial Fund

Privately held real estate development and investment firm CRG has raised $300 million for its latest industrial real estate fund, which is expected to deliver $1.5 billion in new warehouse and distribution facilities for e-commerce users across key US markets over the next two years.

The fund launched in August 2021 and reached its cap three months ahead of schedule, CRG said in a statement. The firm expects the fund’s co-investment vehicles to provide an additional $150 million of equity. More than 100 private investors ranging from family offices to wealth managers to high-net-worth individuals contributed to the fund. The fund also received 10% of its total investment from diverse investors.