Meridian Collects More Than $231M For DC-Focused Fund
Law360, New York (February 13, 2017, 4:06 PM EST) -- The Meridian Group, a real estate private equity firm exclusively focused on investments in the metropolitan Washington, D.C., area, has closed its second fund with more than $231.6 million in available capital, the firm said on Monday.
The fund, billed as Meridian Realty Partners II LP, brought in $231.6 million from limited partners, according to a statement. With leverage and additional co-investment capital that could become available later on, Meridian anticipates that it will use the fund to acquire properties worth a total of about $1.5 billion over the next several years.
“I am very proud of our management team, which...
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