Milwaukee, WI, March 31, 2022 – Hammes Partners, a leading name in institutional investment management specializing in the U.S. healthcare real estate sector, has announced the successful final closing of its Hammes Partners IV, L.P. fund (Fund IV). The fund reached its hard cap with an impressive $739 million in capital commitments, highlighting the robust investor confidence in Hammes Partners and their strategic vision. This oversubscribed fund, launched just seven months prior, garnered significant interest from both existing and new investors, including strong support from established consulting relationships. The diverse investor base includes endowments, foundations, pension funds, insurance companies, family offices, investment and wealth managers, and fund of funds, showcasing the broad appeal of Hammes Partners’ investment strategy.
Building on a two-decade legacy of successful investments and leveraging its deep operational roots, Hammes Partners will deploy Fund IV to target strategic acquisition and development opportunities within the U.S. healthcare real estate market. Mirroring the approach of its predecessor funds, Fund IV will capitalize on Hammes’ extensive industry network and specialized expertise to harness compelling secular trends. These trends include the rapidly aging population and the increasing shift of healthcare service delivery towards outpatient facilities, sectors poised for continued growth and investment.
Patrick Hammes, Managing Principal of Hammes Partners, commented on the Fund IV closing, stating, “We deeply value and remain steadfastly committed to our investors, many of whom have been with us since the inception of our institutional fund platform. The remarkable level of trust our investors place in us is a testament to our platform’s enduring track record in healthcare, our profound real estate insight, and our ability to access unique and high-potential investment opportunities. We also extend our gratitude to our dedicated team, who have worked tirelessly throughout the pandemic to maintain and enhance our exceptional performance for our partners.”
Todd Kibler, also a Managing Principal at Hammes Partners, added, “We are delighted to have reached the hard cap for this fund. Our team is dedicated to rigorously executing our investment strategy, a discipline that has underpinned our strong financial performance across two decades and various economic cycles. We are confident that our partners will continue to benefit from our consistent and disciplined investment approach, our substantial investment pipeline, and our extensive network of industry relationships.”
Hammes Partners operates within a comprehensive, vertically integrated healthcare real estate platform, further strengthened by its affiliations with Hammes Healthcare and Hammes Realty Services. Hammes Healthcare is a nationally recognized leader in healthcare real estate consulting and project delivery, providing invaluable expertise and market insights. Hammes Realty Services offers comprehensive property management services exclusively for Hammes affiliates, ensuring seamless operational efficiency and value enhancement across the portfolio.
Alston & Bird, LLP provided legal counsel for the formation of Fund IV.
