Logistics

Amwal Capital Partners has introduced the ACP Shariah Financing Fund, a $150 million private credit vehicle designed to offer Shariah-compliant financing solutions to small and medium-sized enterprises (SMEs) within the Gulf Cooperation Council (GCC) region. This initiative aims to bridge the significant $250 billion SME credit gap by providing ethical, asset-backed capital to businesses that are often underserved by traditional banking institutions. The fund's strategy emphasizes direct lending to emerging companies, particularly those with tech-enabled platforms requiring flexible financing structures. Over its five-year term, the fund plans to execute 12 to 15 transactions, focusing on sectors such as logistics, vehicle leasing, and FinTech. Initial investments include ventures in the tourism and agricultural food trade industries, reflecting the fund's commitment to supporting sectors vital to regional economic growth. By adhering strictly to Islamic finance principles, the ACP Shariah Financing Fund ensures that all investments are structured to avoid interest-based income and excessive uncertainty, aligning with ethical investment practices. This approach not only meets the growing demand for Shariah-compliant financial products but also offers investors exposure to high-yield opportunities uncorrelated with public markets.

ACV Capital V (also known as ACV Fund V) is the fifth investment fund raised by AC Ventures, a growth-stage venture capital firm headquartered in South Jakarta, Indonesia, founded in 2014 by managing partners Pandu Sjahrir, Adrian Li, and Michael Soerijadji, with Helen Wong serving as an additional Managing Partner for this vehicle. The fund reached its final close in January 2024 at US$210 million, including co-investment vehicles, against an initial target of US$250 million set at its 2022 first close. More than 50% of capital came from limited partners who reinvested from AC Ventures’ prior funds, with over 90% of total commitments from institutional investors. Key backers include the World Bank’s International Finance Corporation (IFC) and leading financial institutions from the United States, Middle East, and North Asia. ACV Capital V is domiciled in the Cayman Islands and managed by ACV Capital, the investment management entity of AC Ventures, which oversees over US$500 million in assets under management across its five-fund family. ACV Capital V invests in growth-stage technology-enabled businesses in Indonesia and the broader Southeast Asian region, concentrating on verticals where digital adoption is reshaping large established sectors. Core sectors include fintech, e-commerce and consumer retail, MSME enablement, health technology, logistics, and climate-oriented technology including electric mobility and sustainable agriculture. The fund writes initial tickets of US$2–5 million and can deploy up to US$20–30 million per company through multiple follow-on rounds, allowing AC Ventures to lead later financing rounds in its highest-conviction portfolio companies. The investment thesis emphasizes businesses addressing structural shifts in consumption and the digitalization of Indonesia’s large informal economy. The fund formally integrates environmental, social, and governance (ESG) metrics into its screening and portfolio monitoring, reflecting an impact-oriented philosophy that links commercial returns with measurable benefits for Southeast Asia’s digital economy. At final close in January 2024, ACV Capital V was expected to back approximately 25 new companies, extending AC Ventures’ existing portfolio beyond 120 startups. The fund drew IFC investment as a signal of its impact credentials, and over 50% institutional LP re-up rate confirms confidence in the prior fund’s returns. Notable portfolio companies reflect the fund’s climate and digital focus: Koltiva (sustainable agriculture), MAKA Motors (electric vehicles), and IDEAL (consumer finance, an early investment). Fifty per cent of AC Ventures’ senior leadership are women, and the firm reports 41% female C-level representation across portfolio companies. The fund extends AC Ventures’ track record as one of the most active technology investors in the Indonesian startup ecosystem.

BGO US Value-Add Lending Fund II is a real estate debt vehicle managed by BGO (BentallGreenOak), one of North America's largest and most diversified real estate investment and services firms with more than USD 90 billion in assets under management globally. The fund originates senior and mezzanine loans secured by transitional properties across the United States, targeting loan sizes between USD 20 million and USD 250 million with loan-to-value ratios of up to 85% and loan terms of one to five years. Fund II builds on the success of BGO's predecessor lending vehicle, which raised USD 361 million and established the platform's credibility as a flexible alternative lender in a market where traditional banks have meaningfully retrenched. The fund provides capital for acquisition, refinancing, redevelopment, and construction projects across commercial real estate property types including multifamily, industrial, hospitality, life sciences, and self-storage. Its structure allows BGO to offer speed, certainty, and flexibility that institutional bank lenders often cannot match. The fund has attracted commitments from leading institutional investors, including the Massachusetts Pension Reserves Investment Management Board (MassPRIM), which committed USD 100 million to Fund II, underscoring the platform's underwriting quality and risk management standards. BGO's US lending platform is led by Managing Director Abbe Franchot Borok and Managing Director Jessica Lee, experienced debt capital markets professionals with deep expertise in real estate credit. BGO (BentallGreenOak) was formed in 2019 through the combination of GreenOak Real Estate and Bentall Kennedy and is backed by Sun Life Financial as its principal institutional shareholder, providing scale, stability, and global origination capabilities across its lending strategies.

Bain Capital Real Estate Fund III is a USD 3.4 billion value-add and opportunistic real estate vehicle managed by Bain Capital Real Estate, the dedicated real estate arm of Bain Capital, one of the world's leading alternative investment firms with over USD 185 billion in assets under management. The fund completed its final close on January 13, 2026, raising USD 3.4 billion in total commitments, representing a significant step up over the USD 3 billion raised by predecessor Bain Capital Real Estate Fund II. Fund III is the centerpiece of a broader USD 5 billion capital formation effort that also includes a USD 1.6 billion co-investment raised alongside 11North Partners, collectively representing Bain Capital Real Estate's most substantial fundraising effort to date. Bain Capital Real Estate deploys capital into high-conviction real estate opportunities characterized by structural supply constraints, demand tailwinds, or operational complexity that benefits from active asset management. Fund III targets value-add and opportunistic investments across US commercial real estate with a focus on industrial, residential, and hospitality assets where the firm's operational capabilities and institutional relationships can generate risk-adjusted outperformance. The firm's deep integration with Bain Capital's broader credit, private equity, and operational resources provides portfolio companies with differentiated value-creation tools beyond standard financial engineering. The fund attracted commitments from a globally diversified investor base of leading pension funds, sovereign wealth funds, insurance companies, and endowments, across North America, Europe, and Asia Pacific. Bain Capital Real Estate was established in 2014 and has built a consistent track record across its flagship fund series, positioning Fund III as the firm's most ambitious vehicle for US commercial real estate value creation.

BlackRock Europe Property Fund VI is a real estate opportunistic fund located in London, United Kingdom. The fund invests in Europe with a focus on UK, France, Germany, the Nordics and Spain. The fund plans to take advantage of an attractive entry point in European real estate markets that have recently repriced more swiftly than other regions. It will invest in high-quality assets aligned with structural mega forces driving the economy and future occupier demand, including demographic shifts, digital disruption, and the transition to a low-carbon economy and a net-zero built environment. The fund is an SFDR Article 8 fund with a focus on ESG credentials, including high-energy efficiency and creating net-zero emissions. The strategic focus includes student housing and homes, logistics, and data centers in under-supplied markets. The fund will focus on recapitalizing, repositioning, and rebuilding assets.

Blackstone Americas Logistics is a private equity buyout fund managed by Blackstone, one of the world's leading investment firms. The fund is domiciled in Delaware and Luxembourg and is headquartered in New York City. It focuses on acquiring and managing logistics assets across the Americas, aiming to capitalize on the growing demand for logistics infrastructure driven by e-commerce and supply chain optimization. The fund's strategy involves identifying and investing in high-quality logistics properties, including warehouses and distribution centers, that are well-located in key markets. By leveraging Blackstone's extensive real estate expertise and operational capabilities, the fund seeks to enhance the value of its assets through active management and strategic improvements. Blackstone Americas Logistics aims to deliver attractive risk-adjusted returns to its investors by focusing on assets that benefit from strong market fundamentals, such as increasing demand for logistics space, limited supply in prime locations, and the ongoing shift towards e-commerce. The fund's investments are designed to provide both income and capital appreciation over the investment horizon.

BluePeak Private Capital Fund II (BPCF II) is a pan-African private credit fund launched by BluePeak Private Capital, an alternative asset management firm established in 2019. The fund aims to raise $250 million to provide flexible credit solutions to underserved mid-sized businesses across Africa, addressing the persistent financing gap that hinders their growth. BPCF II focuses on delivering impact-driven investments while offering investors superior risk-adjusted returns. The fund targets strategic sectors such as manufacturing, pharmaceuticals, logistics, and financial services—industries pivotal to deepening local value chains and fostering industrial clusters. With a strong emphasis on gender inclusion, BPCF II is 2X Challenge qualified, promoting women's economic empowerment as a core objective. The fund integrates sustainability considerations throughout its investment process, prioritizing resilience, inclusive growth, and long-term value creation. In its first close, BPCF II secured $80 million in commitments from leading European Development Finance Institutions (DFIs), including British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM). These commitments underscore the DFIs' confidence in BluePeak's strategy to combine performance with impact, mobilizing capital to Africa's underserved mid-market segment.

CBRE Asia Value Partners 7 SCSp SICAV‑RAIF (AVP 7) is a Luxembourg‑domiciled, real estate value‑add fund managed by CBRE Investment Management. Launched in May 2025, the vehicle secured an initial $100 million commitment in its latest close. AVP 7 focuses primarily on modern logistics assets, including warehouses and distribution centers, as well as select data‑center opportunities—continuing the trend established by AVP VI, where at least 80 % of capital was dedicated to high‑demand logistics real estate. Through a value‑add strategy, the fund acquires assets suited for development or repositioning, targeting yield enhancement by converting secondary properties into core‑quality holdings. The fund targets stabilized distributions through a mix of development upside and operational improvements, supported by CBRE’s in‑house operator team. The anticipated deployment period spans multiple years, with future capital reliant on a strong deal pipeline backed by CBRE’s regional footprint and proprietary deal sourcing.

Cromwell Italy Urban Logistics Fund is a private real estate fund established in 2020 by Cromwell Property Group's European operations platform, focused exclusively on modern urban logistics assets in northern Italy. The fund was seeded with the acquisition of a portfolio of seven purpose-built logistics facilities, all situated in prime logistics submarkets within the key urban corridors of Milan, Turin, Bologna, and Verona. All seven properties are fully let to DHL under long-term leases, providing investors with a high-quality, income-generating logistics portfolio with a weighted average lease term (WALT) of 7.8 years at launch. The fund pursues a core-plus investment strategy, targeting modern, single-tenanted urban logistics assets in supply-constrained Italian markets. The initial portfolio was acquired for approximately €52.5 million through a joint venture with IGIS Asset Management, which subsequently exited its position in 2021. By 2023, the portfolio's asset value had appreciated to approximately €55.8 million — a 9.4% gain on the original acquisition cost — reflecting strong underlying demand for last-mile and urban logistics real estate in Italy's major northern industrial corridors. In 2023, Cromwell Property Group entered into a joint venture with Hong Kong-based Value Partners Group, selling a 50% stake in the fund's assets. In December 2024, Cromwell completed the sale of its broader European fund management platform to Stoneweg SA Group, including its remaining 50% interest in Cromwell Italy Urban Logistics Fund. The fund exemplifies the structural tailwind for high-quality urban logistics real estate driven by the growth of e-commerce, third-party logistics, and last-mile delivery infrastructure across Europe.

DivCore Fund VII is a closed-end, value-add real estate fund managed by DivcoWest, aiming to raise $1.5 billion. The fund focuses on acquiring and repositioning underperforming real estate assets across the United States, targeting sectors such as office, residential, industrial, data centers, and self-storage. By leveraging DivcoWest's operational expertise, the fund seeks to enhance asset value through strategic improvements and active management. The fund's strategy includes identifying opportunities arising from distressed sellers, liquidating lenders, and rescue capital situations. This approach allows DivCore Fund VII to capitalize on market dislocations and acquire assets at attractive valuations. The fund aims to generate strong risk-adjusted returns for its investors by focusing on assets with significant value-add potential. DivCore Fund VII has attracted commitments from institutional investors, including a $75 million allocation from the Massachusetts Pension Reserves Investment Management Board (MassPRIM), with an additional $75 million earmarked for co-investments alongside the fund. This marks MassPRIM's fifth commitment to DivcoWest-managed funds over the past 14 years, reflecting confidence in the firm's investment strategy and track record.

EQT Real Estate Industrial Value Fund VI is a value-add industrial real estate fund managed by EQT Exeter, the real estate investment platform of EQT Group formed through EQT's acquisition of Exeter Property Group. The fund reached its final close at $4.9 billion in July 2023, surpassing its original $4.0 billion target and ranking among the largest value-add industrial real estate funds closed in that vintage year. EQT Exeter combines EQT's institutional global presence with Exeter Property Group's two decades of specialized experience in US industrial real estate. The fund targets value-add industrial properties including big box fulfillment centers, last-mile distribution facilities, and modern supply chain assets along major US distribution corridors. With per-asset transaction sizes ranging from $10 million to $800 million and an expected portfolio of approximately 225 to 250 properties, the fund pursues a diversified single-tenant and multi-tenant acquisition approach. The investment thesis is anchored in structural demand from e-commerce growth and supply chain reconfiguration driving persistent vacancy compression and rental growth across strategically located US industrial markets. Following the 2023 close, the fund has been actively deploying into high-quality US logistics and industrial assets. Notable 2026 transactions include the acquisition of a 13-asset logistics portfolio comprising 1.6 million square feet and the acquisition of a 25-property industrial portfolio from Mapletree Investments encompassing 4.3 million square feet. These transactions reflect the fund's disciplined geographic diversification across primary and secondary US logistics markets near major population centers.

The EV II fund is a 70m€ Venture Capital fund that invests in innovative companies in Series A & B stage. The fund has a focus on Fintech and Beyond Banking sectors, including financial technology, RegTech, cybersecurity, mobility, energy, agriculture, and more. The fund targets investments in Central and Eastern Europe, which is an emerging startup ecosystem with amazing talent and founders but lacks the attention and funding resources of more mature regions. The fund has a commitment from RBI, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark, and has previously invested in a portfolio of 15 companies, including investment banking, e-signature & identification, and RegTech companies, among others. The main goal of Elevator Ventures is to earn a financial return for its investors. In addition, they want to contribute to the strategy of the banks and engage with high-growth companies whose business models might be changing the industry dynamics in the mid- to long term. The fund also cooperates with international co-investors and has decided to invest in a Fund of Funds and other VC funds alongside Raiffeisen-Landesbank Steiermark, and Raiffeisenlandesbank Oberösterreich. The fund also believes in the transformative power of technological shifts that enable high-growth companies to drive customer value and reshape industries. They are driven by a sector focus that encompasses not only Fintech but also Beyond Banking, which includes platform-based business approaches in various service areas. Elevator Ventures also plans to continue to promote innovation in the region with the backing of its LP base.

GREYKITE European Real Estate Fund I, SCSp, launched in 2024 and domiciled in Luxembourg, is a London‑based opportunistic real estate fund targeting high-conviction European markets. With cornerstone LP commitments from Capital Constellation (Wafra), Leucadia Asset Management, and later Goldman Sachs Vintage Strategies, the fund closed approximately US $324.5 M in March and raised additional equity amounting to €335 M by October, culminating in a total fund size around US $660 M. The fund’s main focus lies in scalable, operationally intensive themes including logistics/industrial, student accommodation (PBSA), single-family rental (SFR), and selected hospitality or life sciences plays, with active value creation via asset and corporate-level initiatives. In its logistics strategy, Fund I led a €300 M joint venture in Poland (seed portfolio ~€130 M, ~60% debt) and acquired a €350 M, 98%‑occupied 13‑asset logistics portfolio across Germany, France, and the UK (400 k m²), leased to blue‑chip tenants. Further diversification includes a Munich-based PBSA JV targeting ~190 beds and €250 M investment by 2026/27, and a £750 M SFR venture in the UK with Gatehouse, aiming to deploy ~£200 M by end‑2024 and acquire up to 2,500 homes.

Headline Asia has successfully closed its fifth venture capital fund, Headline Asia Fund V, with a total of $145 million in commitments. This marks a significant milestone, being one of the first notable VC fund closings in Asia-Pacific in recent months, as investor sentiment remains cautious amid global market uncertainty. The fund is a reaffirmation of Headline’s long-term conviction in the innovation potential of early-stage companies in the region. The fund will primarily invest in early-stage technology startups from seed to Series A, targeting companies operating in sectors like e-commerce, logistics, fintech, intellectual property, and AI. Headline Asia will focus on startups driving digital transformation and those with potential for cross-border scalability. The fund typically invests between $1 million to $5 million per deal, aiming to partner closely with founders to help scale their businesses. Fund V is backed by several public and institutional LPs, including Japan Investment Corporation (JIC), National Development Fund of Taiwan (NDF), Korea Venture Investment Corporation (KVIC), and SME Support Japan. So far, it has made 17 investments, including startups like Newmo (Japan, ride-hailing), Jenfi (Singapore, revenue-based financing), and Pi-xcels (Tokyo/Singapore, NFC receipts). The fund's strategic approach reflects a belief in the enduring opportunity within Asia’s startup ecosystem.

The NB Partners Fund IV, LP, managed by NorthBridge Partners and Park Madison Partners, focuses on purchasing, upgrading, and developing small-to-medium sized infill logistics assets in chosen coastal U.S. regions. The fund targets markets with high population density, significant port activity, or clusters of advanced manufacturing that benefit from reshoring trends. The value-add fund's limited partners include public and private pensions, endowments and foundations, insurance companies, sovereign wealth funds, asset managers, family offices, and high net worth individuals. This diverse group of investors helps to fuel the fund's target investments in these specific sectors and geographies. Overall, the NB Partners Fund IV, LP is focused on the strategic acquisition and development of logistics assets within specific U.S. regions, leveraging the expertise of NorthBridge Partners and the advisory support of Park Madison Partners, LLC.