COSTA MESA, CA-Longtime self-storage finance expert Jim Davieshas joined Belgravia Capital as a managing director to focus onfinance and advisory services for the company's storage industryclients. Davies, a 28-year industry veteran whose expertiseincludes both direct lending and structured finance advisoryservices, tells GlobeSt.com that he will work closely with partnerand co-managing director Nik Chillar to grow the self-storageportion of Belgravia's business through what he describes as "afull range of capital stack investment solutions."

Davies says that the focus of Belgravia's business is to be adebt provider for its clients in two forms, as a principal and asan adviser leveraging off of its strategic relationships withcapital sources. He says that in today's environment, the debt thatis most needed is "friendly rescue capital" and refinancing formaturing loans.

To meet the need for friendly rescue capital, Belgravia hasestablished a New Horizons Fund that will invest in discountedmortgages, both performing and non-performing. It has alreadyclosed on $50 million of initial capital for the New Horizons Fundand expects a to close on $50 million more by the end of June,increasing the fund's total to $100 million. With leverage, thefund will then have $200 million of investment capacity.