Two DC Funds Close as Capital Becomes More Concentrated

The District’s K street

WASHINGTON, DC–Private equity capital-raising continues to flourish as illustrated by two local area investors, which separately announced respective fund closings of commercial real estate funds. We will get to those in a minute but first we note that the announcements came as London-based Preqin released its initial survey of fundraising in Q3. Its top line observation was that capital continues to be increasingly concentrated among fewer firms with Q3 followed Q2 in marking the lowest number of funds to reach a final close since 2003.

The local investors that announced closing are Chevy Chase, Md.-based Federal Capital Partners and Washington DC-based ASB Real Estate Investments.