Brasa Capital Closes Its Debut Fund

Brasa Capital has closed its debut investment fund oversubscribed at $120 million, exceeding its initial fundraising goal of $100 million. The fund will focus on middle market transactions in the Western US and Texas requiring $5 million to $25 million in equity.

“The response from potential investors was very positive from the outset as they quickly recognized that opportunities in the middle markets were being overlooked,” Eric Samek, founder of Brasa Capital, tells GlobeSt.com. “We also proved it was an excellent way for investors to penetrate the competitive Southern California real estate market, which is where we are focusing a lot of our attention.  As confident as we were in our investment thesis, with so much competition for institutional capital, surpassing one’s fundraising goal is always a pleasant surprise.”

While the fundraising efforts exceeded initial expectations, it also attracted a broad range of investment capital. “We were excited to attract institutional capital from pension funds in our very first fund,” says Samek. “We are thankful that they have entrusted us with their investment and hope to continue to build these relationships. The potential capital from these types of institutions in future funds would give Brasa the opportunity to really scale down the line.”