ST. LOUIS, Oct. 13, 2021 /PRNewswire/ -- ElmTree Funds, LLC ("ElmTree") today announced the closing of its largest commingled fund to date, ElmTree U.S. Net Lease Fund IV, L.P. ("Fund IV"). The fundraising effort for Fund IV, led by Annie Hsieh, head of Capital Formation at ElmTree, did not include a private placement agent for the marketing process, and ElmTree nevertheless exceeded Fund IV's original hard cap of $800 million with $888 million of investor commitments. Fund IV has approximately $2.5 billion in immediate investment capacity, of which approximately $800 million has been committed and deployed.