IP Capital Partners Launches IPCP Southeast Industrial Fund II With Projected $1 Billion In Purchasing Power

IP Capital Partners (IPCP), a vertically integrated real estate investment manager focused on industrial assets in the Southeast, announced the launch of IPCP Southeast Industrial Fund II, L.P. (SEIF II), its next income and growth vehicle targeting high-quality industrial properties across the Southeast U.S. With prudent use of leverage and joint venture equity, SEIF II is projected to have approximately $1 billion in total purchasing power.

SEIF II is targeting $250 million in capital commitments, with a hard cap of $300 million.

The Fund has already demonstrated strong investor demand: an initial seed round targeting $25 million closed at $37 million, exceeding expectations and reflecting confidence in IPCP’s strategy and execution capabilities.

The firm is targeting July 1, 2026, for its next close.

The Fund is now live on iCapital, the global fintech platform for alternative investments in private markets.

“We believe the Southeast is the strongest industrial growth engine in the country,” said firm Co-Founder and Chief Investment Officer Josh Procacci. “Population inflows, corporate migration, and supply chain realignment – combined with low taxes and business-friendly policies – are creating durable, long-term demand for logistics space.”

SEIF II follows IPCP’s proven strategy of investing in what the firm describes as the “underfunded middle”: $15 million to $50 million transactions with 5-to-8-year lease terms, a segment often overlooked by large institutional investors. This focus allows the Fund to achieve yield premiums while maintaining strong downside protection.

Unlike traditional allocator funds, IPCP executes as an operator, sourcing deals, directly implementing business plans and managing assets giving it the ability to move decisively in a competitive environment. As an operator, IPCP aligns interests with investors – eliminating the double-fee structure inherent to allocator funds. SEIF II also allows IPCP to invest as a general partner in joint venture property acquisitions, further enhancing alignment and return potential for investors.

The goal of SEIF II is to get “overpaid for risk,” designed to deliver value-add returns for core-like risk by capitalizing on sector and geography tailwinds, targeting institutional blind spots and implementing a capitalization strategy that puts the investor first.

“The early success of SEIF II demonstrates investors’ recognition that this is a moment of opportunity,” said firm Co-Founder and President Jason Isaacson. “Short-term disruptions from global trade uncertainty are creating pricing dislocations, but the long-term fundamentals for industrial real estate in the Southeast remain exceptionally strong. Our job is to separate long-term value from short-term noise – and execute.”

The Fund’s strategy targets critical infrastructure assets positioned to benefit from long-term growth themes, including supply chain decentralization, port-driven logistics, point-to-point distribution networks, cold storage, and advanced manufacturing. East Coast ports now account for approximately 55% of U.S. container volume, and the Southeast captured nearly half of U.S. industrial absorption in 2024, reinforcing the region’s strategic importance.

“With SEIF II, we are building on our track record while scaling responsibly,” said Procacci. “Our focus remains the same: disciplined acquisitions, operational excellence, and long-term value creation in markets we know better than anyone.”