FCP raises $755m

The Maryland-based firm is targeting multi family and commercial property opportunities in the Eastern U.S. and Texas.

Federal Capital Partners (FCP) has held a final close of FCP Realty Fund IV at $755 million, smashing its $700 million target. The value-add offering has already closed on an adaptive re-use creative office project known as Sylvan Supply and when fully invested is expected to accommodate approximately $2.5 billion of total investments.

The fund will pursue a mezzanine debt strategy in North America.

The public pension, Teachers’ Retirement System of Louisiana, is known to have invested in the fund.