LOS ANGELES—Palisades Mexico Partners has closed its private capital fund I with $50 million, GlobeSt.com reports exclusively. The investment fund is a joint venture between Joaquin de Monet, the founder and managing principal of Palisades Capital Realty Advisors, and Sergio Arguelles, president and CEO of FINSA.
“The process is on-going as we will still continue to seek additional funds,” de Monet tells GlobeSt.com. “The biggest challenge is convincing some of the larger family offices to invest in a fund format because many prefer separate account relationships, so we are using the fund to build a relationship with several of those investors.”
The fund targets “high net worth and family office investors,” from Latin American counties, according to de Monet. These investors are looking for opportunities in the US due to the current recovering economic. Palisades Mexico Partners, the fund's sponsor, will seek value-add investment opportunities within the office sector, specifically “in quality suburban markets west of Denver and in Texas.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.