Alterra IOS Venture III

Alterra IOS Venture III is a fund created by Alterra Property Group, LLC and has raised $925 million, surpassing the original $750 million target and exceeding the hard cap of $850 million. The fund will invest in Industrial Outside Storage ("IOS") properties, focusing on infill properties in major markets across the U.S. and Canada. The fund has attracted a diverse mix of limited partners, including public and private pensions, endowments and foundations, sovereign wealth funds, asset managers, family offices, and high net worth individuals. It is the largest IOS dedicated pool of discretionary capital raised to date, providing Alterra a competitive advantage in the IOS sector. Alterra has a strong track record and national scale in the IOS sector, having acquired over 250 properties across 30+ states. They believe that IOS represents a generational investment opportunity to aggregate and institutionalize an attractive niche industrial property type. Park Madison Partners served as the exclusive placement agent for Venture III and played a key role in raising the $925 million. Alterra IOS Manager is an investment adviser registered with the Securities and Exchange Commission, and the fund is closed to new investors at this time. Overall, Venture III is a significant fund that targets investments in the IOS sector, focusing on major markets across the U.S. and Canada, and has exceeded its fundraising goals, indicating strong investor support despite a challenging market environment. "