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JULY 18, 2016

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Knighthead Capital raises $108m for second fund

by Andrea Waitrovich

Knighthead Capital Management has raised $108 million for its Knighthead Special Situations Real Estate Fund II, according to a filing with the SEC. The fund provides real estate–secured bridge loans.

The discretionary real estate opportunity fund, which launched in July 2016, has a $250 million equity fundraising target.

The fund’s predecessor, the Knighthead Special Situations Fund I, was launched in 2013 and to date has originated more than $210 million in bridge loans. It invests primarily in bridge loans and other special situation debt opportunities up to $20 million secured by a range of real estate assets throughout the East Coast and other major U.S. markets.

Knighthead Funding focuses on providing high-yield commercial mortgage loans, including short-term bridge loans for acquisitions, refinances, construction, turnaround/

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