Publications

Fundraising

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Embarcadero holds second close on fourth fund

by Reg Clodfelter

Embarcadero Capital Partners has held a second close for its fourth fund, Embarcadero Capital Partners IV, bringing committed capital to approximately $152 million. The fund is expected to hold a final close in April and has an approximate fundraising target of $300 million. Eric Yopes, principal with ECP, has confirmed the second close. ECP IV will target office and office/R&D properties in the San Francisco Bay Area, select markets in Los Angeles and select markets in Seattle. “[These regions] are some of the few places in the country that are really seeing robust job growth,” commented Yopes. The fund, which will use 60–65 percent leverage, uses a wide variety of investment strategies, including traditional value-add redevelopment/repositioning as well as opportunistic buys of under-leased properties. To date, the new fund has made two investments. The Gold Street Technology Center,

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?