Chevy Case, Maryland-based Federal Capital Partners, a real estate investment firm, has raised $512.1 million for its third fund. FCP Realty Fund III LP will focus on multifamily and commercial properties in the Eastern U.S.
CHEVY CHASE, Md., Oct. 14, 2016 /PRNewswire/– Federal Capital Partners (FCP) today announced the closing of FCP Realty Fund III, L.P. (Fund III), a $512.1 million fund targeting multifamily and commercial properties and structured opportunities throughout the Eastern U.S. Fund III, when fully invested, is expected to accommodate approximately $1.7 billion of total investments. Fund III has already closed 20 investments committing $332.4 million of fund equity and representing total value of $1.1 billion. FCP has grown to accommodate its increased assets under management, larger fund capacity and geographic expansion, more than doubling its staff over the past several years.
“FCP is extremely pleased with the response to the Fund III offering,” said FCP Managing Partner, Esko Korhonen. “Since raising our initial fund in 2008, FCP has closed more than 100 transactions, representing a range of investments from structured loans and equity investments to the purchase of a public company, totaling an aggregate value in excess of $4.0 billion. We are excited at the prospects for our third fund given the opportunities created by the positive growth outlook for the Eastern U.S.”
Mr. Korhonen continued, “FCP’s active investment pace is, in large part, due to our ability to move quickly in markets where we have deep knowledge and established relationships. We have a proven track record closing complex transactions, in particular those that have a need for redevelopment and repositioning to fully achieve value. Our access to fully discretionary capital also allows for the flexibility to invest throughout the capital stack as equity, preferred equity, mezzanine debt or any combination of the above.”
FCP would like to acknowledge and thank Lazard for their assistance with the FCP Realty Fund III, L.P. fundraise.
About Federal Capital Partners
Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $5.0 billion in assets since its founding in 1999. FCP is seeking debt and equity investments in commercial and residential real estate throughout the Eastern U.S. FCP buys assets directly as well as through joint ventures with local operating partners through equity, preferred equity or mezzanine debt investments. The firm, based in Chevy Chase, MD, is currently investing its $512.1 million fund. For further information on FCP, please visit www.fcpdc.com.