Home

News

Merchant Growth Group Holds Final Close for Fifth Value-Add Fund

May 2, 2024 – TORONTO, CANADA – Merchant Growth Group is pleased to announce the final close of its fifth value-add fund (the “Fund”) within its closed-end value-add series. The final close, held on April 19, 2024, marks the largest capital raise in the fund series’ history.

“Despite the current challenges of both the economic and capital-raising environments, we are extremely pleased with the record-breaking final close of our fifth value-add fund,” said the Portfolio Manager for the fund series. “With the fifth fund, we will continue to execute the time-tested strategies we have put into practice throughout the life of the series, employing our extensive experience navigating the real estate cycle, and we are grateful for the ongoing trust our investors have within the series as well as Merchant Growth Group.”

The Fund was launched in April 2023 and will follow investment strategies similar to predecessor funds within the series, with the pursuit of strategic value-add opportunities in today’s unique market environment. The Fund will seek to identify real estate investments that Merchant Growth Group believes are undervalued, underutilized, or otherwise not operating to full potential to capitalize on opportunities presented by the current economy. These investments present the opportunity to add value through active management strategies that include additional capital investment, leasing, recapitalization, light renovation, or development.

The first fund of the value-add series held its final close in June 2012. Since then, the fund series closed its second, third, and fourth funds, continuing to build on the success of previous investments. The fourth fund’s investment period ended at the beginning of the second quarter of 2023.