Insight

NorthBridge wraps up fourth fund at nearly $950m

Fund IV's limited partners include a diverse mix of public and private pensions, endowments and foundations, insurance companies, sovereign wealth funds, asset managers, family offices, and high-net worth individuals.

-
  • The fund will target small-to-mid sized infill logistics assets in select coastal U.S. markets
  • Park Madison Partners was the placement agent
  • Based in Wakefield, Massachusetts, NorthBridge Partners LLC was founded in 2014

NorthBridge Partners has closed its fourth fund at nearly $950 million, beating its original $800 million target.

Fund IV’s limited partners include a diverse mix of public and private pensions, endowments and foundations, insurance companies, sovereign wealth funds, asset managers, family offices, and high-net worth individuals.

The fund will target small-to-mid sized infill logistics assets in select coastal U.S. markets.

“We are extremely grateful for the support and confidence from both existing and new investors in Fund IV. We believe that the combination of strong secular tailwinds for infill industrial real estate set against a backdrop of dislocated capital markets make for a particularly favorable investment environment,” said Greg Lauze, managing partner and chief investment officer of NorthBridge in a statement.

Park Madison Partners was the placement agent.

Based in Wakefield, Massachusetts, NorthBridge Partners LLC was founded in 2014.