KingSett Growth LP Funds
KingSett launched its fifth Growth Fund, KingSett Real Estate Growth LP No. 5, in 2012 with equity commitments totaling $750 million. Since 2002, KingSett Growth Funds have delivered returns in excess of 25% net of fees and a cash flow multiple in excess of 2.0 times cash flow 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 invested 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 invested by November 2006
- 23 investments totaling 9.5 million square feet
- Total investment of $800 million
KingSett Real Estate Growth LP No. 3
- Closed January 2007
- $700 million of equity from KingSett's institutional investors and management
- $3.4 billion investment program, including the ING acquisition in Q4 2010
- Fully invested by November 2010
- 15 investments exceeding 30 million square feet
KingSett Real Estate Growth LP No. 4
- Closed October 2010
- $450 million of equity from KingSett's institutional investors and management
- Investment Period closed April 2013
- Total investment of $1.2 billion
KingSett Real Estate Growth LP No. 5
- Closed August 2012
- $750 million of equity from KingSett’s institutional investors and management
- Investment Period commenced April 2013 with the Primaris retail portfolio acquisition