Growth LP Funds
KingSett has now launched its fourth Growth Fund, KingSett Real Estate Growth LP No. 4 with equity of $450 million. The Growth Funds have maintained an IRR in excess of 25% net of fees and excess of 2.0x cash flow multiple on investors' initial investment.
KingSett Real Estate Growth LP No. 1
- Closed October 2002
- $220 million of equity from KingSett's institutional investors and management
- Fully committed by February 2005
- 25 investments totaling 8 million square feet
- Total investment of $870 million
KingSett Real Estate Growth LP No. 2
- Closed March 2005
- $350 million of equity from KingSett's institutional investors and management
- Fully committed by November 2006
- 20 investments totaling 9.5 million square feet
- Total investment of $900 million
KingSett Real Estate Growth LP No. 3
- Closed January 2007
- $700 million of equity from KingSett's institutional investors and management
- $3.1 billion investment program, including the ING acquisition in Q4 2010
- Investment Period is now closed, the fund was fully committed by Nov. 1, 2010
- 15 investments exceeding 30 million square feet
KingSett Real Estate Growth LP No. 4
- Launched November, 2010
- $450 million of equity from KingSett's institutional investors and management
- Investment Period now open - looking for a $1.5 billion investment program
- Committed 50% of equity to date