Fundraising - FEBRUARY 12, 2014

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Northlight raises $91m for real estate fund

by Andrea Waitrovich

Northlight Financial has raised $90.8 million for its Northlight Real Estate Opportunity Fund I, according to a filing with the SEC. The opportunistic vehicle has a $149 million fundraising goal.

Formed in November 2002, Northlight Financial is a financial service firm that originates, structures, and manages debt and debt-like investments. Northlight focuses on transaction sizes of $5 million to $300 million in industries including gaming, real estate, healthcare, manufacturing, telecom and technology.

Other vehicles managed by the firm include the Northlight Distressed Real Estate Fund, which closed in 2009 with $60 million, and the Northlight LP, a limited partnership that will

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