Eagle Property Capital Investments (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, has teamed up with Promecap, a private equity firm based in Mexico City, to launch a new multifamily investment vehicle.
EPC Promecap Multifamily Partners V (Fund V) aims to raise up to USD400 million in equity commitments, with an initial closing planned for March of 2022. The capital raised in Fund V will allow for approximately USD1.2 billion in the acquisition of value-add multifamily assets.
Founded by Fernando Chico Pardo in 1997, Promecap is an institutional private equity firm based in Mexico City. To date, Promecap directly and through its private equity platform has completed over 70 investments and has more than USD3.3 billion in assets under management.
Similar to prior EPC funds, Fund V will target income-producing, value-add (A-, B or C+) properties in high-growth Sun Belt markets that can be acquired at a discount to replacement cost and benefit from a full-scale repositioning.
