VIRGINIA BEACH, VA (July 1, 2021) – Croatan Investments (“Croatan”), a multifamily investment manager for private wealth, institutional, and retail capital, held the final closing for Croatan Multifamily All-Weather Fund I, LP (the “Fund”) on June 30, 2021.
“Our 17-year track record of providing compelling multifamily investment opportunities to our investors has enabled Croatan to raise capital through discretionary fund vehicles,” said Paul Van, Chief Executive Officer. He continued, “We are immensely pleased with the success of our inaugural fund offering. The capital in the Fund provides Croatan to ability to execute on over $1 billion of transaction volume when paired with institutional joint venture co-investment equity and traditional leverage. We look forward to the continued growth of our discretionary capital base and fund management platform with our next fund offering projected to open to investors in the fourth quarter of this year.”
The Fund closed with $27.3 million committed capital. In excess of $25 million of additional capital is projected to be available from passive sidecar investment vehicles that have the option to invest alongside the Fund.