Nascent sector focus helps RE fund attract $650m

Jadian Capital announced the closing of its first fund -- Jadian Real Estate Fund I -- with more than $650 million in commitments, handily beating its initial target of $400 million. The New York-based firm invests throughout the capital structures of real estate, related assets and asset-intensive businesses with a focus on North America. Investors in the new fund include institutional investors, including state and corporate pension funds, endowments, foundations, investment managers and prominent family offices. The fund’s investments are expected to fall within two categories: special situations and strategic or platform investments. “Our team’s approach is to identify what’s next,” said Jadian’s Founder and Managing Partner Jarret Cohen. “We look for emerging opportunities in niche or nascent sectors that can become more institutional over time. Our team has a long history of creating and scaling platforms to help talented operators grow.” Prior to forming Jadian in 2017, Cohen was a partner, managing director and head of Private Real Estate at Fir Tree Partners. Joining Fir Tree in 2010, he established and built its private real estate business and ultimately led a team of 10 dedicated professionals across investments, asset management, legal, investor relations and operations The form of investment at Jadian can range from bespoke financings to direct equity, Cohen added. The firm’s strategy focuses primarily on non-core sectors with characteristics likely to lead to long-term fundamental outperformance. To date, the fund has made a number of investments, including preferred equity in the largest independent developer of plasma collection centers, direct equity in a number of life sciences properties, subordinated debt in a data infrastructure company, and structured financings in the residential sector. The firm is growing and actively seeking talented candidates for its investment team, officials added.

Nascent sector focus helps RE fund attract $650m

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