Covenant Capital Group Fund Closes On $140 million
Nashville, Tennessee– Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VI on October 30, 2009.
The closing brings the fund’s total equity capital commitments to $140 million. The fund will target value-add investments in apartment communities throughout the United States and is composed of commitments from a diversified group of institutional and high net worth limited partners.
Govan D. White, Managing Partner and Co-founder of Covenant Capital Group, LLC said: “We are very pleased to have received this further vote of confidence from both existing and new Covenant investors. Covenant Apartment Fund VI is well positioned to take advantage of the inefficiencies and opportunities in the apartment sector. Given the lagging nature of the real estate market, we will remain disciplined and cautious in deploying this capital over the coming years.”
Since Covenant Capital Group was formed in 2001, the firm has raised over $500 million.
Covenant Capital was assisted in its fund-raising by Quince Hill Partners.
Covenant Capital Group Fund Closes On $140 million
Nashville, Tennessee– Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VI on October 30, 2009.
The closing brings the fund’s total equity capital commitments to $140 million. The fund will target value-add investments in apartment communities throughout the United States and is composed of commitments from a diversified group of institutional and high net worth limited partners.
Govan D. White, Managing Partner and Co-founder of Covenant Capital Group, LLC said: “We are very pleased to have received this further vote of confidence from both existing and new Covenant investors. Covenant Apartment Fund VI is well positioned to take advantage of the inefficiencies and opportunities in the apartment sector. Given the lagging nature of the real estate market, we will remain disciplined and cautious in deploying this capital over the coming years.”
Since Covenant Capital Group was formed in 2001, the firm has raised over $500 million.
Covenant Capital was assisted in its fund-raising by Quince Hill Partners.