Business Services Industry
Capri Capital has bolstered the marketing campaign for its second mezzanine-debt fund by hiring placement agent Presidio Partners
Real Estate Alert, April 14, 2004
Capri Capital has bolstered the marketing campaign for its second mezzanine-debt fund by hiring placement agent Presidio Partners. The firm hopes to round up $250 million of equity for the vehicle, Capri Select Income II, by the end of the third quarter. It received a $50 million commitment from New York State Teachers in February.
The fund will write and buy mezzanine loans on office, apartment, retail and industrial properties, as well as development projects. It will have $1 billion of buying power, through the use of leverage.
COPYRIGHT 2004 Harrison Scott Publications, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
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