Jadian Capital’s inaugural fund closes at over USD650m
Jadian Capital, an alternative investment firm with a broad mandate to uncover opportunities related to real estate, has closed its first fund, Jadian Real Estate Fund I (JREF I) with over USD650 million of commitments, significantly exceeding its initial target of USD400 million.
JREF I’s investors include an array of leading institutional investors, including state and corporate pension funds, endowments, foundations, investment managers and prominent family offices.
Focused primarily in North America, Jadian invests throughout the capital structures of real estate, related assets and asset-intensive businesses. With a value-oriented, opportunistic approach, Jadian’s core mission is to craft investments in undervalued, high-quality assets. The firm’s strategy focuses primarily on non-core sectors with characteristics likely to lead to long-term fundamental outperformance.
“Our team’s approach is to identify what’s next,” says Jarret Cohen, Jadian’s Founder and Managing Partner. “We look for emerging opportunities in niche or nascent sectors that can become more institutional over time.”
The Fund’s investments are expected to fall within two categories: special situations and strategic or platform investments.
“Our team has a long history of creating and scaling platforms to help talented operators grow,” Cohen says. “The form of investment can range from bespoke financings to direct equity.”
To date, the Fund has made a number of investments, including preferred equity in the largest independent developer of plasma collection centres, 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 is actively seeking talented candidates for its investment team.