Partners Capital—the investment arm of NAI Partners—announced that it has launched Partners Investment Fund IV, the entity’s fourth commercial real estate investment vehicle. The Partners Capital team is looking to raise at least $50 million in equity in order to continue its success in identifying and acquiring high-quality office, industrial and retail assets in attractive markets. “We are incredibly excited to launch our fourth fund in four years,” said Andrew Pappas, head of Partners Capital. “Our team remains highly focused on using technological sophistication and leveraging proprietary data to generate value for our investors. We are very excited about what the future holds for our platform in 2021 and beyond.” It’s been a busy month for Partners Capital, which recently announced a rebrand to Partners Capital from the NAI Investment Fund earlier in October, announced the acquisition of The Trails at 620 retail property in Austin and another retail center in Blanco, Texas. These sales represented Partners Capital’s fourth and fifth acquisitions in Fund III and the platform’s 13th and 14th deals overall, pushing its portfolio to 1.2 million square feet and over 400 tenants. “Partners Capital’s goal is to build a portfolio of $1 billion of assets under management in the next few years,” Pappas said, “and we look forward to reaching that milestone.”