Fundraising

The Davis Companies raises $777m

The Boston-based asset manager has held a final close for its fourth flagship fund.

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Fund name: Davis Investment Ventures IV
Amount raised: $777.5 million
Target size: $650 million
Stage of fundraising: Final close
Final close date: September 2020
Predecessor fund: Davis Investment Ventures III ($512 million)
Target IRR: 14-16 percent
Placement agent: Park Madison Partners

The Davis Companies has held a final close on its Davis Investment Venture IV fund, raising $777.5 million and exceeding its target of $650 million. The fund will pursue a diversified value-add investment strategy with a primary focus on US Northeast markets driven by intellectual capital and positive demographic trends.