Cortland has held a close for its Cortland Enhanced Value Fund
(CEVF) VI, L.P. and its affiliated entities, securing $1.5 billion in commitments, exceeding its $1.0 billion target.
The latest in Cortland’s value-add, multi-family private equity fund series, Fund VI was oversubscribed with upsized support from legacy fund investors, combined with significant commitments from new investors. Approximately one quarter of the commitments were from foreign investors and 80 percent were from institutional investors.
“In keeping with our previous funds in the CEVF series, Fund VI seeks to capitalize on Cortland’s market scale and concentration in target U.S. growth markets, primarily in the Sunbelt and Mountain West, and leverage Cortland’s vertically integrated operating platform in pursuit of superior operating and investment results,” said Jason
