LOS ANGELES—Palisades Mexico Partners has closed its private capital fund I with $50 million, GlobeSt.com reports exclusively. The investment fund is a joint venture between Joaquin de Monet, the founder and managing principal of Palisades Capital Realty Advisors, and Sergio Arguelles, president and CEO of FINSA.

“The process is on-going as we will still continue to seek additional funds,” de Monet tells GlobeSt.com. “The biggest challenge is convincing some of the larger family offices to invest in a fund format because many prefer separate account relationships, so we are using the fund to build a relationship with several of those investors.”

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