Mixed-Use Properties

Northpond Fund V, LP is a Delaware‑domiciled opportunistic real‑estate fund managed by Northpond Partners. Launched in early 2023, the fund raised approximately $67.4 million at its first close on March 1, 2023, and its final close in May 2025 exceeded $150 million in commitments. The fund specializes in acquiring and repositioning retail‑centric, mixed‑use, and neighborhood retail assets in urban and suburban U.S. markets. Leveraging a hands‑on, value‑add strategy, properties are redeveloped or remerchandised to enhance NOI and strengthen positioning—exemplified by Iroquois Center in Naperville, part of the Chicago MSA. By focusing on assets with barriers to entry and strong community ties, Northpond Fund V seeks to drive attractive returns through lease‑up initiatives, operational upgrades, and creative redevelopment. With robust capital and active deployment, the fund targets neighborhood retail and mixed‑use projects in key growth U.S. metro areas.