Dune Real Estate Fund Holds a Final Close on $727 Million.GREENWICH, Conn. -- Atlantic-Pacific Capital is pleased to announce the final close of Dune dune, mound or ridge of wind-blown sand formed in arid regions and along coasts. Dunes are common in most of the great deserts of the world. Often a dune begins to form because material is deposited by the wind as it encounters a bush, a rock, or other obstacle to Capital Management's opportunistic real estate fund, Dune Real Estate Fund, on October 31, 2006. The fund makes opportunistic investments in a broad range of real estate related assets, portfolios, joint ventures and operating companies operating company A business that engages in transactions with outsiders. worldwide. The fund closed on a total of $727 million of committed capital, with investors that include a diverse base of endowments, foundations, public and corporate pension plans, financial institutions, and family offices. To date, the fund has made four investments. "We formed the fund to continue to take advantage of the global real estate markets on an opportunistic basis," said Dan Neidich, Co-Chief Executive Officer of Dune Capital Management and, prior to that, the founder of Goldman Sachs' Whitehall Funds. "We are thrilled with the result of our marketing efforts and look forward to continuing our investment strategy and generating attractive returns for our investors." "It was a pleasure to work with an industry leader like Dan Neidich as he builds out his next great real estate investment platform and to introduce his new team to the institutional investor 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. community," said Michael Sotirhos, Partner at Atlantic-Pacific Capital who was the placement agent for the fundraise fund·raise or fund-raise also fund raise intr.v. fund·raised, fund·rais·ing, fund·rais·es To engage in fundraising. Verb 1. . "We believe Dune will be seen as one of the marquee brands in the real estate market for years to come and wish their team and investors much success." 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 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 $28 billion for its clients and has developed 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. About Dune Capital Management LP Dune Capital Management is a Delaware limited partnership founded by Steven Mnuchin, Daniel Neidich and Chip Seelig. The founding partners worked together as partners for 17 years at Goldman, Sachs & Co. Dune Capital Management has approximately $2.5 billion of capital under management and is based in 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 . Note: This press release is being issued as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase securities. |
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