Locust Point Capital has held a final close of Locust Point Private Credit Fund III, with $668 million in total capital commitments.
The fundraise marks a 56 percent increase over the firm’s $428 million predecessor vehicle and reflects strong continued support from existing limited partners, as well as participation from a select group of new institutional investors. Fund III will continue to execute the firm’s core strategy, providing structured credit solutions to experienced owner-operators of senior housing communities across the United States.
“We are grateful for the continued support of our limited partners, many of whom have been with us since inception,” said Eric Smith, co-founder and CEO of Locust Point Capital. “Having invested in the seniors housing industry for more than three decades, I believe the combination of favorable macroeconomic tailwinds and accelerating demographic-driven demand positions Fund III to be one of our strongest performer
