GI Partners secures capital for tech/science RE fund
GI Partners announced this week one of the largest initial capital raises for an open-end real estate fund in recent years.
The GI Real Estate Essential Tech + Science (ETS) Fund closed with $1.45 billion in commitments in its initial fundraise, surpassing the San Francisco firm’s expectations. The fund is the firm’s first commingled real estate fund.
“Our team’s familiarity with markets and operators helps us identify and execute on lower risk growth opportunities in these sectors,” said John Sheputis, managing director of GI Partners and head of the new fund . . .
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