Wrightwood Capital closes fund with USD243m in commitments
Wrightwood Capital, a real estate finance and investment firm, has announced the closing of the High Yield Partners II Fund with USD243m in commitments.
'Raising this fund allows us to continue to provide liquidity to borrowers by providing the needed capital for opportunities created by the current market circumstances,' says David Friedman, managing director, fund management (pictured). 'Being able to raise USD243m in commitments during these uncertain market times is a strong testament to the strength and depth of our company.'
Wrightwood Capital's mezzanine and equity programme has dedicated project level capital available to invest in recapitalizations, acquisitions and select new development.
The programme is available for assets with meaningful sponsor equity and provides capital structured as either a mezzanine loan or a preferred equity investment.
Wrightwood Capital is actively pursuing a diversified mix of equity opportunities using its national origination platform and fund team.
Wrightwood Capital helps commercial real estate borrowers nationwide exploit opportunities through creative capital solutions that include bridge and mezzanine loans, as well as equity and other innovative financial products.