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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.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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