Heitman Capital Management's AUM grew 26% from $6.32B to $7.97B in recent Form ADV filing

May 26, 2023

Heitman Capital Management's AUM grew 26% from $6.32B to $7.97B in the recent Form ADV filing


According to the firm's recent Form ADV filing, Chicago-based private equity firm Heitman Capital Management LLC specializing in private equity and debt real estate investments has revealed some notable year-over-year changes in its structure and investment funds.

From March 31, 2022, to April 24, 2023, Heitman Capital Management saw a decline in the total number of accounts it manages, from 7 to 6. However, the firm expanded its team during this period, with employee strength increasing from 263 to 280.

The firm's Assets Under Management (AUM) saw a significant surge, climbing from $6.32 billion to $7.97 billion, marking an increase of 26.03%.

Heitman Capital also announced modifications to some of its private funds. The gross asset value of the firm's Core Real Estate Debt Income Trust, L.P. increased to $4.33 billion, up from $4.17 billion. Simultaneously, Heitman Capital made a switch in its custodian services for this fund, moving from Texas Capital Bank to Zions Bancorporation, N.A., CBT Division.

The Global Real Estate Partners II, LP fund saw a rise in its gross asset value, jumping from $341.23 million to $644.40 million. Heitman Real Estate Debt Partners II, L.P. also exhibited growth, with its gross asset value climbing from $270.09 million to $453.96 million.

The firm also revealed a reshuffling of its fund lineup, with the Heitman Real Estate Debt Partners II, L.P. removed as of March 31, 2022. In its place, the firm added Red Arrow I, LP on March 31, 2023, with a current gross asset value of $31.09 million.

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