Meadow Partners is looking to raise its second opportunistic real estate investment fund. According to documents filed with the US Securities and Exchange Commission, the New York-based investment manager is seeking up to $400 million in equity commitments from institutional investors on behalf of Meadow Real Estate Fund II.
Market sources told PERE that Meadow Partners’ latest commingled vehicle is identical to the investment strategy of its debut fund, Meadow Real Estate Fund I. Specifically, the firm will seek opportunistic acquisitions of income-producing property in New York and London. The only difference, sources noted, is that Meadow Partners is expected to invest more in London this time around due to market conditions. Target property types include office, multifamily, hotel, retail and industrial assets. Representatives from Meadow Partners declined to comment.
Meadow Partners was founded in 2009 by the former investment committee co-chair of Westbrook Partners, Jeffrey Kaplan. The firm’s debut fund, which closed on $235 million in equity in July 2009, has invested in deals totalling $750 million and is now fully invested.