Capital finalizes $450m fund.

Capital Trust, Inc. today announced the final closing of CT Opportunity Partners I, LP, a private fund with total equity commitments of $540 million.

Capital Trust has committed to invest $25 million, with the remaining equity coming from third party investors. The fund will seek to exploit immediate and longer term opportunities emanating from the current financial market dislocation.

The fund is managed by CT Investment Management Co., LLC, Capital Trust's wholly-owned investment management subsidiary.

"This fund represents another important step in the build-out of our investment management practice," said John R. Klopp, CEO of Capital Trust.

"Coupled with the high grade fund that we announced in June, we have raised over $1.2 billion of private equity capital in the last six months, positioning CT to take advantage of opportunities at all points in the real estate capital structure."

CT Opportunity Partners I, LP held its first closing in December 2007 and has a three-year investment period. CTIMCO will earn management fees equal to 1.60% of the aggregate committed capital during the investment period and 1.60% per annum of the aggregate invested capital thereafter, plus incentive management fees after investors receive a return of capital and a preferential return.