Financial Duo Forms $75M Hotel PE Fund, Makes 1st Buy

Law360, New York (March 17, 2014, 3:51 PM EDT) -- The hotel arm of Ensemble Investments LLC and Mosaic Investment Partners announced Monday that they have teamed up to form a $75 million private equity fund focused on lodging and made their first property acquisition for an undisclosed amount.

Ensemble Hotel Partners and Mosaic revealed that they have used the Mosaic Ensemble Hospitality Fund LP — which was officially formed in December 2013, according to a U.S. Securities and Exchange Commission filing – to close on their partnership's first hotel acquisition. The fund's first purchase was...
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