Accord Closes First Institutional Fund

NOVEMBER 2022

Accord Capital Partners, a San-Francisco-based investment manager and capital advisory business, has held a final close on its first commingled fund vehicle, Accord Catalyst Fund, PERE understands.

The firm raised $105 million in equity commitments from institutional investors, including pension funds, sovereign wealth funds and fund-of-funds. The firm entered the market with the fund in Q2 2020 and held a final close at the end of October this year. The prolonged marketing period was due in part to the challenging fundraising environment during the covid-19 pandemic, Desi Co, managing partner and co-founder of Accord, told PERE.

Accord is looking to provide growth capital to emerging managers and what Co describes as "newly emerged" firms - those that have recently crossed the $2 billion assets under management mark. Such managers have found it more difficult to raise capital as investors have preferred to stick with existing managers, Co said. This creates good timing to be entering the market with these types of capital investments.

"We're particularly excited about this year's and next year's vintage," he said. "It's a bit of a perfect storm."

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ABOUT ACCORD CAPITAL PARTNERS LLC

Accord, through its affiliates, is a global capital advisor, principal investor and investment manager. With its headquarters in San Francisco and personnel in Chicago, London, Hong Kong and Seoul, Accord engages with a wide variety of participants in the real estate private equity industry. Accord Capital Partners, its broker/dealer affiliate, provides advisory and capital raising services in the United States. Accord Europe Limited, its broker/dealer affiliate, provides advisory and capital raising services in the United Kingdom and Europe. For further information on Accord, visit: www.accord-group.net.