These ventures customarily hold a specific characteristic (such as size, geography, or risk profile) that cannot be borne in its entirety by the sponsoring Exeter fund. Meanwhile they allow investors who are pursuing specific investment objectives to benefit from Exeter’s wide scope of transaction sourcing. Representative vehicles to date include:
- $25 million co-invest from a global multi-manager to acquire distressed industrial real estate assets during 2011 in Dallas, Chicago, Central Pennsylvania and Atlanta.
- $75 million co-invest from an Asian pension fund to acquire an income-oriented portfolio of 22 warehouses throughout the central U.S.