Crystal View Capital Announces Increase in Offering Size from $35m to $50m Due to Investor Demand

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Mar 03, 2020, 08:58 ET

LAS VEGAS, March 3, 2020 /PRNewswire/ -- Crystal View Capital Fund II today announced an increase in size of its latest value add real estate fund - "CVCFII" has ~$35M of total capital commitments and $66M of assets under management.

Matthew Ricciardella, CEO of CVCFII, said, "This fundraise reflects the excellent relationships we have with our limited partners given the strong results projected - Fund I (project level - 48%IRR, 3.5x MOIC, 32% cash on cash return) and Fund II (project level - 32%IRR, 2.6x MOIC, 12% cash on cash return). We are grateful to our investors for their continued investment and look forward to putting this capital to work on their behalf. We are excited about our prospects given our robust deal flow and continue to find compelling opportunities. CVCFII's off market deal sourcing engine allows us to commit capital in scale and at attractive valuations despite today's competitive investment environment.

About Crystal View Capital

Crystal View Capital is a private equity real estate fund founded in 2015. The company acquires under-performing manufactured housing communities and self-storage facilities for less than their intrinsic value to provide outsized, risk adjusted returns for limited partners

Media Contact:
Matthew Ricciardella
www.crystalviewcapital.com
[email protected]
702-541-6379

SOURCE Crystal View Capital