Trammell Crow’s family investment arm targets $60 mln for new fund

  • Why this is important: Groups of families are raising capital pools for PE investments

Crow Holdings Capital-Investment Partners, a multi-family office that invests on behalf of real estate tycoon Trammell Crow’s family, is raising a $60 million industrials fund, a recent Form D said.

CHC-Investment Partners is part of Crow Holdings Capital that also includes CHC-Real Estate.

CHC-Investment Partners is led by Michael Silverman, principal and chief investment officer, and serves about 30 families including the Crow family. It invests in both private and public markets through its capital pools.

Jed Johnson, senior managing director, leads the private markets team and manages a portfolio of approximately $450 million, according to his LinkedIn profile.

CHC-Investment Partners invests in private equity funds and direct co-investments with private equity funds through its “Access Funds”.

Over half of CHC-Investment Partners’s investments are in large, typically multi-sector buyouts between $1 billion and $5 billion.

The other half of CHC-Investment Partners’s investments are in smaller buyouts in healthcare, technology, consumer and turnarounds.

It is unclear what the strategy for this fund is. The company did not respond to requests for comment.

Crow made his fortune in real estate, and some signature properties include Anatole Hotel and Dallas Market Center in Dallas and Brussels Trade Mart in Brussels, Belgium.

Crow Holdings Capital has $6.7 billion assets under management. Its real estate arm manages private equity real estate funds, and its most recent fund closed at $1.9 billion in 2016.

Several public pension funds including New Mexico Educational Retirement Board, Fort Worth Employees Retirement Fund, Illinois’s State Universities Retirement System and Connecticut Retirement Plans and Trust Funds have invested in Crow Holdings’s real estate funds.

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