Alex Shing’s Cottonwood Group has launched of a $750 million
open-ended, multi-strategy real estate investment vehicle as it looks to cherry-pick
According to Shing, the Cottonwood Founders Portfolio Fund was
requested by longstanding investors who already committed $200 million to
In a statement, Shing said the fund will be able to “move quickly and nimbly in this unique market to secure and execute on high-potential deals,” noting: “The Fund carries an absolute return objective regardless of market condition, placing a priority on performance and overall success.
Shing added, “The launch of the Cottonwood Founders
Portfolio Fund is a momentous milestone in our company’s nine-year history.
“Investor support has never been more critical as we
identify valuable, high-profile opportunities across the country that are in
alignment with our objectives and benefit both our investors and our bottom
line. Adding the Fund to our wide and deep resources creates leverage and
opportunity and bolsters great efficiency in our deal making process going
In addition to the $200 million in commitments from existing
partners, Cottonwood has aligned itself with a 10 percent co-investment. As
part of this high-growth, high-reward, risk-adjusted real estate fund,
investors will have access to exclusive, high-potential investments and the
option to take distributions every quarter, limiting the lock-up period to
Working in tandem with the Fund, Cottonwood retains more
than $700 million in commitments from separate accounts.
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