Partnership Anchors Veleta Fund II, a New Transitional Multifamily Lending Strategy
LOS ANGELES, May 19, 2025 /PRNewswire/ -- Veleta Capital, LLC ("Veleta"), a vertically integrated real estate private credit platform focused on multifamily and mixed-use assets, today announced that it has secured a strategic investment from TriPost Capital Partners, LLC ("TriPost"), a real estate private equity firm focused on partnering with established middle market real estate operating and development companies. The investment will support the continued growth of Veleta's platform and anchor Veleta Fund II ("VF2"), a new strategy focused on structured credit for multifamily assets.
Veleta is a nimble, next-generation credit platform with the ability to provide flexible, creative financing to partners during periods of significant capital markets dislocation. With the launch of VF2, Veleta will build upon the firm's track record to originate short-term, senior secured loans of up to $75 million, targeting experienced sponsors and transitional assets in Tier I and Tier II U.S. markets. The strategy will initially offer bridge and senior secured transitional loans, providing borrowers with capital support, speed, and certainty.
"TriPost shares our long-term vision and brings differentiated value and a seasoned perspective to the platform," said Brian Murphy, Managing Partner and CEO of Veleta. "Their partnership will allow us to grow our platform, deepen our capital base, and continue providing responsive capital in all market environments. In collaboration with TriPost, we're building a disciplined multifamily credit strategy that delivers durable, long-term value to investors and stakeholders."
"We are pleased to partner with Veleta and support their next phase of growth," said Evan Cohen, Managing Director of TriPost Capital. "Veleta brings an established track record and measured approach to multifamily credit."
TriPost's investment will provide Veleta with additional capital resources to pursue a robust pipeline of lending opportunities, support programmatic joint venture investments, and expand its capabilities. As Veleta scales VF2, the firm remains focused on broadening its capital base, including exploring strategic partnerships and joint ventures to support continued growth and evolution.
About Veleta Capital
Veleta Capital is a vertically integrated real estate private credit platform focused on short-term, senior secured lending and strategic preferred equity investments for multifamily and mixed-use assets. Headquartered in Los Angeles, Veleta operates a technology enabled, data-driven platform that provides in-house asset management and loan servicing. Veleta's footprint is nationwide with a focus on the Western United States and the Sunbelt markets.
About TriPost Capital Partners
TriPost Capital Partners, LLC ("TriPost") is a New York-based multi-strategy real estate private equity firm founded in 2014. TriPost provides tailored capital solutions to real estate operators and developers through its differentiated Platform Solutions and Asset Solutions strategies. Platform Solutions focuses on providing real estate operators with the growth capital, connections, and counsel necessary to enable companies to succeed across a range of market conditions. Asset Solutions supports existing owner-operators by acquiring illiquid ownership stakes on a secondary basis, building upon the firm's established model of solutions-oriented capital partnerships. To learn more, please visit: https://www.tripost.com/
Media Contacts
Veleta Capital
[email protected]
www.veletacapital.com
TriPost Capital Partners
Jon Keehner / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
SOURCE Veleta Capital
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