Berkeley Partners Closes Latest Fund at $610.5 Million, Surpassing Target

September 2025

Berkeley Partners (“Berkeley”), a leading real estate investment manager focused on the industrial sector, recently held a final close for Berkeley Partners Value Industrial Fund VI, LP (“Fund VI” or the “Fund”) with $610.5 million of commitments inclusive of sidecar capital, significantly surpassing its $500 million fundraising target. Fund VI received institutional support from a diverse roster of limited partners, including consultants, pensions, endowments, foundations, wealth managers, and multi-family offices.

Fund VI will continue Berkeley’s strategy of executing middle-market investments in the light industrial sector that appeal to a diversified tenant base. Berkeley generally targets buildings that range in size from 50,000 – 250,000 square feet and are located in supply-constrained, select growth and gateway markets in the United States.  

Incubation Capital Partners (“Incucap”) served as the exclusive capital advisor.

About Berkeley Partners

Berkeley Partners is a vertically integrated real estate investment firm with a demonstrated history of generating value through the investment and management of light industrial real estate. Founded in 2005 and led by Aaron Snegg (Founder / Managing Partner), Andrew Holmberg (Partner), Matthew Novak (Partner), and Bahaar Sidhu (Partner), the firm owns and operates more than 11 million square feet across 14 U.S. markets. With corporate offices in the Bay Area, Dallas, and Boston, and property management offices in Denver, Boston and Atlanta, Berkeley combines acquisition, asset management, leasing and operations under one platform to execute value-add and core-plus strategies, aiming to deliver attractive, risk-adjusted returns for its investors.

About Incubation Capital Partners*

Incucap is a Chicago-based advisory platform that provides cohesive solutions across financial capital, human capital, and institutional best practices. Founded in 2011 by Jonathan Glick, Incucap has developed an extensive track record of advising and investing in entrepreneurial real estate investment managers, leveraging its three verticals – Incucap Advisory, Incucap Search, and Incucap Ventures – to support manager growth initiatives.  Since inception, Incucap has participated in the placement of over $8 billion of capital commitments.

*Securities offered through Frontier Solutions LLC, an SEC-registered broker-dealer, member FINRA and SIPC