GreenPoint Partners, an alternatives firm investing in real assets, technology and sustainability, has made a strategic investment in Semi-Stow, an Austin, Texas-based semi-truck parking and trailer storage operator. GreenPoint has also launched its $500 million truck and trailer industrial outdoor storage platform.

GreenPoint’s investment looks to provide both growth capital for Semi-Stow’s operating platform as the company continues to scale and expand to more locations nationwide, as well as funding to acquire a portfolio of semi-truck parking and trailer storage locations across the U.S. With this business, GreenPoint is targeting a $500+ million portfolio of assets, which would be operated by Semi-Stow. The platform has also closed on its first two acquisitions, which provide storage capacity for over 1,000 semi-trucks and trailers in the Houston and Dallas Fort Worth markets. GCM Grosvenor is serving as GreenPoint’s lead investor for this strategy.

“By partnering with Semi-Stow and utilizing a tech-enabled, data-driven approach, we believe we can help address the national shortage of safe and secure parking locations for commercial trucks while improving and simplifying the overall experience for drivers and logistics providers alike,” states Alexander Çakir, partner and co-head of Real Estate at GreenPoint.