Long Wharf Real Estate Partners is a private equity real estate manager established in 2011 following the spin-out of the Fidelity Real Estate Group. FREG was formed by Fidelity principally to invest in value-added U.S. real estate on behalf of institutional clients. The group has invested over $2.5 billion of equity in over 180 value-added transactions from January 1995 through September 2013.
From 1995 to 2000, the group invested primarily through a strategy that combined both value-added direct real estate and real estate securities in a single portfolio. In 2001, the group closed its first fund that focused exclusively on value-added private equity investments. This fund, with $320 million of capital commitments, is fully realized and was followed by a second fund that closed in 2004 with $625 million of commitments. The group is currently investing on behalf of a third fund that closed in 2008 with $875 million of committed equity.
Over the past 18 years, the team has invested throughout the key points of the economic and property market cycle, including multiple peaks and troughs. Strategies, capital structures, sectors and markets come in and out of favor at various points in each cycle, and the group’s experience executing a broad array of investments is an important advantage for its funds.
The five senior principals of Long Wharf average 21 years of industry experience and 14 years of experience at FREG and Long Wharf. The overall team combines a deep history in real estate equity investment with a breadth of “hands-on” commercial property experience, including leasing, development, engineering, and property management.