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Fundraising - JANUARY 13, 2022

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Silverstein Capital Partners closes latest debt fund with $2b

by Kali Persall

Silverstein Capital Partners (SCP), a real estate lending firm focused on providing a variety of loan types and rescue capital to borrowers on all major product types in North America’s top 20 urban markets, has raised $2 billion for its latest debt fund.

According to various news reports, the capital comes from a sovereign wealth fund and a pension fund, which invested in the firm at its launch in 2018, as well as three new investors. With the closing of its third $2 billion fund in December 2021, SCP said the firm has raised a total of $4 billion.

SCP invests in large-scale, mixed-use projects in growing national markets, according to the firm’s website. SCP said its $2 billion of newly committed capital and deep-pocketed investors provide it with significant liquidity and the ability to close though turbulent market conditions.

Since its inception in 2018, SCP has committed $2 billion concentrated in mixed-use construction and condo inventory loans.

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