RICHMOND, VA-A local fund called E CLASS MB Partners Fund I, LLC is looking further afield than the friends and family investors it originally tapped, now that it has invested in such projects as Richmond’s West Broad Village.

The fund has closed on $23 million in commitments to date with a goalof $50 million and the potential to expand to $100 million at somepoint, says senior partner Bryan Kornblau. It is currently targetingpension funds and endowments as potential institutional partners. The investment strategy is focused on restructuring capital in troubled projects, he tells “We like to be tied high in the capital stack, adding incremental capital to add value.” Kornblau adds that the company is not just a financial player but also has experience on the development and execution side. “We are able to move a project along on allfronts,” he says.

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