CHICAGO-Wrightwood Capital has closed its High Yield Partners II Fund after receiving $243 million in commitments. The company is a real estate finance and investment firm based out of Chicago.
“Raising this fund allows us to continue to provide liquidity to borrowers by providing the needed capital for opportunities created by the current market circumstances,” says David Friedman, managing director of fund management. “Being able to raise $243 million in commitments during these uncertain market times is a strong testament to the strength and depth of our company.”
With this fund, Wrightwood plans to invest in a number of equity opportunities through its national origination platform and its fund team. According to a release about the Fund, will “invest in recapitalizations, acquisitions and select new development. The program is available for assets with meaningful sponsor equity and provides capital structured as either a mezzanine loan or a preferred equity investment.”
Since its inception, Wrightwood has been involved in more than 470 financings for a total of $5 billion. At the end of March, Bridge Development Partners and Wrightwood completed construction on a $27 million industrial park in Aurora, IL.