BKM Capital Partners launches value-added industrial fund

BKM Capital Partners has launched its second institutional fund, BKM Industrial Value Fund II, which will target $300 million in equity commitments. With leverage, the fund will have $850 million in buying power.

The fund, which will invest in the acquisition, improvement and repositioning of undervalued multi-tenant light industrial business parks in markets across the western United States, comes on the heels of the closing of BKM’s debut fund, for which the firm raised more than $105 million in fund equity and $30 million in co-investment equity for a total of $135 million.

“There is a disconnect in the market in our niche asset class that has allowed us to consistently acquire these properties at a significant discount to replacement cost and peak pricing,” said Brian Malliet, CEO and co-founder of BKM Capital Partners, in a statement. “We have a deep pipeline of opportunities, which