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RCG Longview Closes $292M Fund

NEW YORK CITY-The locally based fund closes its third fund in a series with $292 million in equity raised. Investments planned include an assortment of transactions throughout the US.

By Barbara Jarvie | Updated on June 10, 2004

NEW YORK CITY-Locally based RCG Longview closes fundraising efforts on its third fund, RCG Longview II LP, which totals out at $292 million. Capital in the fund will be used for a variety of transactions such as bridge, mezzanine and construction loans.

“We have no real target,” VP David Valger tells GlobeSt.com. “We truly are an opportunistic vehicle.” Among the sites the firm has invested in previously are the Empire Hotel, 140 Broadway and 569 Broadway here, the Enron Building in Houston and 175 West Jackson St. in Chicago, Valger points out. The fund tends to have a blend of retail, office, multifamily and to some extent, industrial. And the fund is not geographically concentrated as well with holdings along the Atlantic seaboard, California, Texas and Chicago, among others. Valger desribes the fund’s investments as “very organic” and coming mostly through tried-and-true relationships and word of mouth.

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