Fundraising - MAY 7, 2013

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Embarcadero Capital Partners holds first close for value-added fund

by Sara Kassabian

Belmont, Calif.–based Embarcadero Capital Partners (ECP) has held a $144 million first close for Embarcadero Capital Investors IV. The value-added vehicle has a fundraising goal of between $300 million and $400 million. It is expected to close during fourth quarter 2013.

Specific investors in the fund were not disclosed; however, the majority of the committed capital is from institutional investors. The fund has not started to invest its capital, but it is anticipated that the first closing on a transaction will occur this summer.

Embarcadero Capital Investors IV will invest in office and R&D properties, located primarily in the West Coast innovation centers, such as Seattle, the San Francisco Bay Area and western Los Angeles.

ECPis an office property investment and management firm based on the San Francisco peninsula.Founded by industry professionals Eric Yopes and John Hamilton, ECP ha

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