Antares Raises $49 Million in Support of Stamford Project.GREENWICH, Conn. -- Atlantic-Pacific Capital, Inc. is pleased to announce that on behalf of its client, Antares Investment Partners, it has completed a direct private placement of equity capital in support of a planned 82 acre, 6 million square foot, mixed-use waterfront development project located in Stamford, CT. Investors contributed approximately $49 million in membership interests. Antares is a Greenwich, CT based real estate developer, investor and asset management firm that currently oversees a multi-asset real estate portfolio valued at approximately $4.5 billion. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]"We congratulate the investors and the Antares team on a highly successful capital raise. With strong investor support, an experienced management and development team, and a world-class waterfront property located 35 miles North of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the project is well positioned to produce solid returns," stated James E. Manley, Chief Executive Officer of Atlantic-Pacific Capital, Inc. which acted as the placement agent. E[acute accent]"We were extremely pleased with the wide range of potential investors brought to us by Atlantic-Pacific Capital, which included family offices as well as other traditional institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. ," stated James P. Cabrera, Co-Founder and Managing Member of Antares. E[acute accent]About Atlantic-Pacific Capital, Inc. E[acute accent]With offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia, Atlantic-Pacific Capital, Inc. is a leading global placement agent solely dedicated to raising capital for alternative investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company and direct private placement transactions. Typical projects include private equity, real estate, and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised in excess of $22 billion for its clients and has developed relationships with over 4,000 alternative investors worldwide. E[acute accent]For further information on Atlantic-Pacific Capital, Inc., visit the company's website at: www.apcap.com E[acute accent]About Antares Investment Partners E[acute accent]Headquartered in Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. , Antares manages a multi-asset and multi-project real estate portfolio valued at approximately $4.5 billion and was founded by Joseph P. Beninati and James P. Cabrera in 1996. Using a vertically integrated business model, Antares develops, designs, entitles, builds, owns, sells and manages a broad range of assets which are primarily located in Fairfield and Westchester Counties. Antares' capital partners include many of the world's leading financial firms, private equity funds, and entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. investors. |
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