Atlantic-Pacific Capital, Inc. Announced the Final Closing of Legacy Partners Realty Fund I.GREENWICH, Conn. -- Atlantic Pacific Capital announced the final closing of Legacy Partners Realty Fund I, a $330 million value-added real estate fund. This fund will acquire existing office and R&D assets in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , Seattle, and Denver. The fund was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. and garnered commitments from leading endowments and foundations, corporate and public pension funds, insurance companies, fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. , and several family offices. "We congratulate Legacy Partners on a highly successful fund raise on their first institutional fund. Legacy has a large team, phenomenal long term track record, and the leading position as the best real estate operator in the Western U.S. While first time funds are notoriously difficult to raise, it is clear that "blue chip" institutional investors have recognized Legacy's capabilities" stated Joseph Herman, Atlantic Pacific Capital's President. About Atlantic-Pacific Capital, Inc. 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 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 $21 billion for its clients and has developed strong and unique relationships with over 4,000 alternative investors worldwide. For further information on Atlantic-Pacific Capital, Inc., visit the company's website at: www.apcap.com |
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