Business Services Industry

Island Capital, a firm that was spun off from Insignia/ESG last summer, has started raising capital for an opportunity fund that will invest mostly in high- yielding commercial MBS, distressed loans and mezzanine debt

Real Estate Alert, March 3, 2004

Island Capital, a firm that was spun off from Insignia/ESG last summer, has started raising capital for an opportunity fund that will invest mostly in high-yielding commercial MBS, distressed loans and mezzanine debt. The firm hopes to raise $100 million of equity. Its plan is to hold an initial equity closing in the spring, and to begin investing by June.

The fund, Island Opportunity Partners III, is the latest in a series of vehicles that manager George Carlton started at Insignia in 1999.

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

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