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mbrose, a US industrial real estate manager, has secured over $400m in equity commitments for its latest strategy, the Ambrose Fund IV fund and related vehicles. The firm attracted investments from a diverse group of investors, including public pension funds like the Indiana Public Retirement System (INPRS), insurance companies, and family offices such as Jordan Park.

    Ambrose IV targets a mix of industrial, logistics, and e-commerce properties through speculative development projects and build-to-suit opportunities. With approximately 50% of its capital deployed, the fund has a pipeline of new development and acquisition opportunities. Founder and CEO Aasif Bade attributed the successful fundraising to the strength of his team and Ambrose's track record.

    Bade noted that their fund strategy is supported by secular tailwinds, including decreasing new construction due to high interest rates and capital constraints, and growing demand for efficient Class A industrial and logistics properties. He expects the vintages in this portfolio to be well-timed to capitalize on anticipated decreases in supply across target markets.

    INPRS director of real assets James Mattingly praised Ambrose's growth into an institutional platform that generates high returns for investors. As the largest investor in Fund IV, INPRS looks forward to partnering with Ambrose to generate continued high returns for its members.