• The fund’s investors include major pension funds, university and other institutional endowments, foundations, single family offices, high and ultra-high net worth investors and an offshore sovereign wealth fund
• In addition to Massachusetts and Rhode Island, early Fund V investments include assets in Florida, New York, and Virginia
• Park Madison Partners served as Davis’ U.S. institutional placement agent

The Davis Company closed its fifth venture fund at $977.1 million, beating its $950 million target.

Davis Investment Ventures Fund V will capitalize on real estate asset repricing and market dislocation across asset classes.

The fund’s investors include major pension funds, university and other institutional endowments, foundations, single family offices, high and ultra-high net worth investors and an offshore sovereign wealth fund.

In addition to Massachusetts and Rhode Island, early Fund V investments include assets in Florida, New York, and Virginia.

“At an historically difficult time to raise private real estate capital, the success marked by the final closing of Fund V, our largest to date, represents strong investor endorsement of our vertically integrated developer/operator platform,” said Stephen Davis, president of Davis in a statement. “We have a nearly 50-year track record of unlocking superior investment opportunities which are not widely recognized by the market, particularly at times of disruption and uncertainty.”

Park Madison Partners served as Davis Company’s U.S. institutional placement agent.

Based in Boston, Davis has $12.8 billion in gross asset value invested through real estate equity, debt and fixed-income securities.