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O'Connor Capital Partners has hit the $500 million equity target for its latest opportunity fund, North American Property Partners

Real Estate Alert, April 14, 2004

O'Connor Capital Partners has hit the $500 million equity target for its latest opportunity fund, North American Property Partners. The vehicle is O'Connor's first since parting ways with longtime co-sponsor J.P. Morgan Chase early last year. O'Connor conducted the fund-raising campaign with help from placement agent C.P.

Eaton & Associates. Its fund will have up to $2 billion of buying power though the use of leverage. It will invest in all property types, seeking an internal rate of return of 18%. Pennsylvania Public School Employees is one of the lead investors, with a $100 million commitment.

COPYRIGHT 2004 Harrison Scott Publications, Inc.
COPYRIGHT 2008 Gale, Cengage Learning

 

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