DLA Piper advises Catalyst Investment Partners in fund aimed at underserved real estate category

DLA Piper advised Catalyst Investment Partners (Catalyst), one of the largest owners and operators of industrial outdoor storage (IOS), in the successful closing of its third fund at its hard cap of US$400 million in limited partner commitments.

Founded five years ago, Catalyst has built a portfolio of more than 140 IOS sites in high-barrier-to-entry, densely populated markets with strong long-term rent growth fundamentals. With this latest fund, Catalyst is poised to expand its portfolio to more than 250 sites and scale its platform to approximately US$1.5 billion in gross asset value.

“We are proud to have supported Catalyst in the capital-raising effort for this oversubscribed fund,” said Bradley Phipps, Partner at DLA Piper. "This achievement demonstrates DLA Piper’s ability to guide real estate firms through complex capital-raising initiatives. By leveraging our deep-seated experience in high-growth specialty asset classes such as IOS, we deliver the strategic guidance necessary for our clients to thrive in today's competitive landscape.”

In addition to Phipps (Philadelphia), the deal team included Partner James Manzione and Associates Jonathan Terracciano (both New York) and Patti Burris (Boston).

The firm’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers, and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies, and all stages of a private investment fund's life cycle.