Almanac Realty Investors, the private real estate arm of Neuberger, a global investment manager, has committed $250 million of growth capital to Stamford, Connecticut-based AmCap Ventures, a privately-held, vertically-integrated real estate company founded in 1979. The commitment marks the inaugural deployment of Almanac’s Horizon Fund, a $1 billion investment vehicle established in partnership with Australian Retirement Trust (ART).
The growth capital will be used with the goal of accelerating AmCap's proven strategy of acquiring grocery-anchored and necessity retail shopping centers across top-tier U.S. metropolitan markets, in particular densely populated submarkets supported by compelling population demographics and high barriers to entry. Concurrent with the closing, the firm will transition to operating as “ACX”, marking the next chapter of a platform built over more than four decades.
"We are pleased to partner with Almanac and ART on the inaugural Horizon
