NEW YORK, Sept. 14, 2026 /PRNewswire/ — Bear Creek Fund Advisors LLC (“BCFA”) today announced the final closing of Bear Creek Strategic Real Assets Fund LP (“SRAF” or the “Fund”), raising $202 million in aggregate commitments. The investor base includes government permanent funds, institutional investors, foundations, family offices, and registered investment advisors. The final closing included both new investors and increased participation from existing limited partners.
Demonstrating rapid deployment and proof of concept, SRAF has already deployed more than 70% of its committed capital since its 2024 launch. The Fund is actively making cash distributions to investors through a combination of investment income and realizations. Furthermore, BCFA has successfully executed two co-investments alongside the Fund, offering LPs expanded access to highly vetted, proprietary deal flow.
SRAF makes equity and credit investments in essential real assets, primarily across housing, healthcare, and infrastructure. The Fund’s flexible approach and rigorous underwriting standards position it to find value in specialized subsectors where the BCFA team believes its experience and underwriting approach provides differentiated opportunities. BCFA’s senior investment team, with prior experience at established investment firms, has decades of experience in the acquisition, management and disposition of real asset investments across a broad range of categories.
“We are incredibly grateful for the confidence our investors have placed in us, particularly those who backed us at the outset and shared our conviction in the opportunity,” said Jonathan Stern, Partner at BCFA. “We’ve built a flexible investment platform focused on targeted niches of real asset markets where we believe our approach can create value. We are proud of what the team has achieved over the past two years, and we view this first fund as the foundation for a much broader opportunity to grow the Bear Creek platform.”
Incubation Capital Partners served as exclusive advisor to BCFA in connection with the Fund’s capital raise.
About Bear Creek Fund Advisors
Bear Creek Fund Advisors LLC is an alternative investment manager focused on real assets and private markets. The firm currently invests across equity and credit in specialized segments of the housing, healthcare, and infrastructure markets. BCFA combines a flexible investment mandate with sector expertise and institutional resources to provide capital across a range of transaction structures. BCFA had $280 million in total assets under management (unaudited) on a discretionary basis as of the final closing of SRAF, and operates as part of the broader Bear Creek Asset Management, LLC platform, an investment advisor based in Denver, Colorado with $5 billion in total assets under management (unaudited) on a discretionary basis as of December 31, 2025.
This communication is for informational purposes only and should not be relied upon as investment advice. This does not constitute an offer to sell, a solicitation to buy, or a recommendation to transact in any securities or investments. Any such offer or solicitation will be made to qualified investors only by means of delivery of appropriate documentation, including without limitation, offering memoranda and related subscription agreement as applicable. Such definitive offering documents, if any, will describe risks related to an investment, including loss of the entire investment. For more information about BCFA and BCAM and its products and services, visit https://bearcreekam.com/
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SOURCE Bear Creek Fund Advisors
