Accord Group Achieves Final Close for First Institutional Commingled Fund
Accord Group, a global real estate strategic investment and capital advisory firm, has closed its first institutional commingled fund with around $105 million in equity commitments. The capital came from institutional investors representing pension funds, sovereign wealth funds, and fund-of-funds based in the United States, United Kingdom and Europe.
The Accord Catalyst Fund was established to catalyze the growth of real estate managers in the United States and Western Europe by providing both strategic capital and capital advisory expertise, according to Desi Co, managing partner and co-founder of Accord Group.
“The Accord Catalyst Fund is emblematic of our efforts to be in a long-term ‘accord’ with sponsors, by providing access to capital in an increasingly challenging and complex environment while serving as a trusted advisor on their strategic and operational needs through multiple cycles,” said Co. “By combining these capabilities, we aim to deliver to real estate managers a faster path to becoming a dominant player in their area of specialization; for our investors, we aim to create a diversified portfolio of interests spanning an array of strategies, sectors, geographies and risk profiles.”
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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.