Business Services Industry
Island Capital, a firm that was spun off from Insignia/ESG last summer, has started raising capital for an opportunity fund that will invest mostly in high- yielding commercial MBS, distressed loans and mezzanine debt
Real Estate Alert, March 3, 2004
Island Capital, a firm that was spun off from Insignia/ESG last summer, has started raising capital for an opportunity fund that will invest mostly in high-yielding commercial MBS, distressed loans and mezzanine debt. The firm hopes to raise $100 million of equity. Its plan is to hold an initial equity closing in the spring, and to begin investing by June.
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The fund, Island Opportunity Partners III, is the latest in a series of vehicles that manager George Carlton started at Insignia in 1999.
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