AUSTIN, Texas — Hawkeye Partners LP has committed $175 million from its Scout program to Blue Moon Capital Partners LLC (Blue Moon) to seed Blue Moon Senior Housing I LP (BMSH I).
BMSH I will acquire, reposition and develop seniors housing properties throughout the United States.
Scout is a series of real estate private equity funds that Austin-based Hawkeye manages that invest in and support the development of new and emerging managers. Hawkeye is currently investing Scout Fund II and anticipates seeding more new manager platforms.
The new manager platforms Scout Fund I seeded have grown in excess of $3.3 billion in assets under management.
“Seniors housing is a property type that institutional investors have limited exposure to and one where the fundamentals should remain favorable for the foreseeable future,” says Claudia Faust, managing partner of Hawkeye. “Blue Moon’s team has an exceptional track record of investing in the sector.”
Seniors housing specialist Kathryn Sweeney and capital markets specialist Susan Barlow lead Boston-based Blue Moon. They are joined by other seniors housing industry veterans.
Hawkeye is an independent real estate private equity firm founded in 2004 for the purpose of serving leading institutional investors. Hawkeye’s flagship program, Scout, begun in 2006, has successfully launched a number of new manager platforms.