Thorofare Capital holds final close for lending fund

Los Angeles–based Thorofare Capital has raised $160 million for its fund Thorofare Asset Based Lending Fund II in a final close held June 13. Investors in Fund II primarily consist of high-net-worth individuals and family offices. The firm is currently seeking institutional investors for Fund III.

A target fundraising goal was not established, but the fund had a hard cap maximum of $250 million, confirms Lysbet Verlenden, director of investor relations at Thorofare Capital.

Fund II is a real estate lending fund that focuses on originating short-term loans (one year to three years) that range from $2 million to $12 million on commercial real estate. The vehicle targets high-yielding, low loan-to-value opportunities, typically created by situations where commercial banks are not in position to lend quickly. It will invest strictly in the United States. 

Fund II has been investing