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Square Mile to launch fifth fund

by Reg Clodfelter

Square Mile Capital Management is set to launch its fifth fund, Square Mile Partners V, according to a filing with the SEC.

The firm declined to comment on its fundraising efforts.

Fund IV, the predecessor in the fund series, closed in September 2014 after raising $455 million. Like previous funds in the series, the opportunistic fund targeted mezzanine, bridge and distressed debt backed by U.S. real estate across the property types.

Founded in 2006, Square Mile Capital Management invests in debt and equity of stabilized, value-add and development real estate opportunities in select markets, including first mortgages, mezzanine loans, preferred equity and joint venture equity.


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