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Cases & Deals

January 26, 2017

King & Spalding Advises Asana Partners on $500 Million Debut Fund

CHARLOTTE, N.C., Jan. 26, 2017 — King & Spalding represented Asana Partners, a vertically integrated retail real estate investment management firm, in the formation of Asana Partners Fund I, a $500 million closed-end fund investing in retail assets in high-growth and urban infill neighborhoods throughout the United States. The fund held its final closing this week.

Nine months after launch, the fund was oversubscribed and achieved its hard cap of $500 million with multiple investors, including state pension funds, municipal pension funds, corporate pension funds, insurance companies and endowments.

Asana Partners was founded in 2015 by Terry Brown, Jason Tompkins and Sam Judd, whose extensive experience owning and operating retail real estate spans varied market cycles and evolving consumer and retailer preferences.

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

About King & Spalding

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