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When Miami-based private equity firm Safe Harbor Equity launched its distressed CRE debt fund earlier this year it had a fundraising goal of $100 million. Then founder Ralph Serrano went on a fundraising tour of Europe and Asia and found a surprising amount of interest from investors. He quickly scaled up the fund to $200 million.

“We received a lot of interest from the people we were speaking to but most felt that they would want to write bigger checks and a $100 million fund wouldn’t accommodate that,” he says.

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Erika Morphy

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