The Davis Companies closes latest value-add real estate fund
Global law firm Paul Hastings has represented The Davis Companies in the formation of Davis Investment Ventures IV, a new value-add real estate private equity fund that has secured total capital commitments of nearly USD780 million, significantly exceeding its original fundraising target of USD650 million.
Capital commitments were made by a diverse group of limited partners, including public pension plans, insurance companies, endowments, foundations, family offices and high net worth investors. A press release from The Davis Companies is available here.
The Davis Companies is a 44-year-old, fully integrated real estate investment, development and management firm based in Boston. Paul Hastings has worked with The Davis Companies in connection with the formation of prior real estate funds in the Davis Investment Ventures series.
The Paul Hastings team was led by Private Investment Funds partner Larry Hass with Private Investment Funds associates Max Rosenberg and Shilpa Soundararajan, with assistance from Tax partner David Makso.