Revere Capital Launches $350M Fund
ByDallas—Dallas-based private equity lender Revere Capital has launched its third fund for the origination and acquisition of commercial real estate debt, known as Revere Credit Opportunities Fund III LP (Fund 3). Targeted to originate two- to five-year loans to real estate investors and developers for all categories of commercial real estate except land, the new $350 million fund is expected to originate loans ranging from $3 million to $30 million. Through this fund, the firm seeks to provide investors with capital preservation and attractive risk-adjust yield.
Since its launch in 2013, Revere Capital’s High Yield Fund (Fund 2) has deployed roughly $250 million in loans, predominantly as bridge and mezzanine debt under 18 months, ranging from $2 million to $20 million…