Adler Partners, an owner and operator in the US industrial sector, has secured US$343 million in financing. These funds are intended to recapitalise selected assets of its fourth commercial real estate investment fund, following the close of the Adler Light Industrial Portfolio II (ALIP II) this month.
Corebridge Financial provided US$203 million in senior financing, while Partners Group contributed US$140 million in equity to the Continuation Vehicle. The transaction was arranged by brokers from JLL. Matthew Adler, Founder and Managing Partner of Adler Partners, described the recapitalisation as a 'significant milestone' for his company.
Adler thanked Corebridge Financial and Partners Group for their partnership. He stated their involvement reflected the quality of the assets, the strength of the company's operating platform, and the long-standing relationships built over many years.
Successful Investment Strategy and Future Planning
Since its inception in 2012, Adler Partners has launched five investment funds, all specialising in the acquisition and operation of multi-tenant light industrial properties in key US markets. During this period, the company has managed 9 million square feet of industrial properties, leased to over 900 tenants.
The company plans to launch its sixth investment fund later this year. Matthew Adler explained that the goal since Adler's founding has been to create a durable investment platform capable of generating value across multiple market cycles. He emphasised that ALIP II demonstrates how continuation vehicles can provide liquidity while retaining the ability to continue creating value in high-quality assets.
