Firm Capital has held the closing of the initial capital raise of Firm Capital Private Equity Realty Corp (FCPERC), a real estate merchant banking and private equity investment corporation focused on opportunistic, tactical and distressed real estate debt and equity investments in Canadian public and private entities.
Investments will be heavily focused on the following investment platforms: Activist Strategies, High Yield Structured Debt, Distress Debt Acquisitions, and Real Estate Joint Ventures & Capital Partners.
FCPERC has raised its initial capital and its growth capital will come from both future equity offerings and possibly an Initial Public Offering.
FCPERC employs an activist-style, opportunistic investment strategy focused on value-add investments primarily in the securities of Canadian real estate and financial services based entities as well as private and public debt, equity real estate, hard asset trust entities and financial services related investments. Investments will be focused across the following three platforms: Capital markets (activist and opportunistic investing in public vehicles); Identifying undervalued entities and taking a position with the goal of influencing management and the board for value creation; and High yield mortgage debt investments.
FCPERC is also focused on an opportunistic and value-oriented approach that includes making investments in middle-market real estate companies that may require capital for: Growth; Joint venture partnerships; Turnarounds; Debtor-in-possession financing; Restructuring; Other special situations; Mortgage debt; and Real estate investments.
