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Cases & Deals

April 9, 2019

Asana Partners Closes $800 Million Fund

King & Spalding represented Asana Partners, a vertically integrated retail real estate investment management firm, in the formation of Asana Partners Fund II, LP, a $800 million closed-end fund investing in retail real estate investment opportunities in high-growth urban and infill neighborhood locations across the United States.

The Fund was oversubscribed and achieved its hard cap of $800 million within 12 months

with multiple investors, including public pension funds, corporate pension funds, insurance companies, endowments, foundations, sovereign wealth funds, and family offices.

The King & Spalding real estate industry team on this transaction led by partners Mark Thigpen, John Wilson and Doug Elsbeck and includes Ava Jacobi and Rachel Shepardson. Jonathan Talansky provided tax expertise on the transaction, and Ken Raskin and Laura Westfall provided ERISA expertise.