The $60 million was raised for a fund run by Cohen Financial. That differs from the $75 million it raised in 1998, which was since leveraged into more than $1 billion in investments. That capital was raised from corporations investing directly into Cohen Financial, the company notes.
"We are proud of our investment performance to date and believe we have an unusual niche in our investment strategy and are finding more opportunities than capital," says chief investment officer Bruce Cohen. "Expanding our capital base enables us to continue to execute our strategies by offering unique capital to our developer clients while generating enhanced risk adjusted returns to our investors."
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