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NorthStar Funding Takes in $100 Mil in Investment Capital

NEW YORK CITY-The new fund, which plans to seek an additional $150 million in capital, will invest in subordinate debt and specialize in deals worth $10 to $30 million. All asset classes in the US and Puerto Rico will be considered for its portfolio.

By John Howe | Updated on June 21, 2001

NEW YORK CITY-The first round of funding for NorthStar Funding LLC has been closed, providing it with a total commitment of $100 million in capital. The new fund, which will be managed by NorthStar Capital Investment Corp., based here, plans to seek an additional $150 million in capital.

The fund will invest in subordinate debt, including second mortgage and mezzanine loans, secured by real estate. It will focus on deals worth $10 to $30 million and above with maturities of two to seven years. All asset classes in the US and Puerto Rico will be considered for its portfolio.

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