Edge Principal Advisors Completes Final Closing of its Second Fund with Approximately $300 Million of Total Investor Commitments
Apr 30, 2013, 07:45 ET
NEW YORK, April 30, 2013 /PRNewswire/ -- Edge Principal Advisors, LLC ("Edge"), a real estate investment management company, announced the final closing of its second discretionary fund. Total equity commitments for Edge Principal Investments II, L.P. ("Fund II") are approximately $300 million. Edge will invest in all property types and, with leverage, has over $1.0 billion of buying power. Fund II includes a diverse range of investors including institutions, family offices and foundations. No placement agent was used.
"We're thrilled that practically all of the investors in our prior fund as well as several new investors have decided to participate in Fund II. We're very appreciative of their confidence in our ability to navigate today's challenging investment environment," said Jeff Walker, a Principal at Edge.
Edge's first fund, deployed during 2010 and 2011, invested in apartments, retail centers, office buildings, hotels, ground-up developments and distressed debt. These investments were made both directly and through strategic joint venture relationships.
Evan Mallah, a Principal at Edge, noted "our business was founded to take advantage of compelling risk-adjusted opportunities across a diverse range of geographies and asset types," adding further, "through our team's experience, relationships and hands-on approach, we're able to identify attractive investment opportunities throughout the cycle. We're excited to put our experience to work for our investors in Fund II."
Fund II has been actively deployed since March 2012 and is approximately 30% committed today. "Thanks to the dedication of our investors and partners, Edge continues to find compelling investments consistent with our mandate and philosophy," said Matthew Ross, Managing Director.
About Edge Principal Advisors
Edge is a multi-strategy real estate investment partnership formed in 2008 by Jeff Walker and Evan Mallah, in partnership with a family office whose principals manage over $5 billion of institutional equity. Well capitalized, without troubled legacy investments and with a flexible long-term approach, Edge believes it is uniquely situated to transact in the current environment. Edge will invest throughout the capital structure, and has dedicated investment programs in multifamily, hospitality, special situations, office and retail. More information can be found by visiting www.edgepe.com.
SOURCE Edge Principal Advisors, LLC
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