February 21, 2022
Stamford Capital closes $46.8M over-subscribed raise for new fund
Stamford Capital’s funds management arm has announced the over-subscribed capital raising for its newest fund.
Stamford Capital Investments (SCIM) witnessed strong investor demand for its SCIM Core Partners Fund 2, which raised $46.8 million.
The new fund primarily targets equity and subordinate investments that focus on mid-development sectors across the eastern seaboard valued up to $80 million. Primarily residential, retail, convenience retail, standalone fast food, office and industrial assets are targeted.
“We’ll do projects of reasonable scale in good locations, where we can limit the downside risk. We won’t be doing 200 units in Docklands,” said Michael Hynes, Joint Managing Director.
“The construct of CPF2 is what differentiates it in the market,” added Daniel Pirrello, Head of Investments.
To read the full article, head to The Property Tribune.