Locust Point raises $312m for niche debt strategy

The Red Bank, New Jersey-based firm’s debut fund is a rare example of an alternative real estate sector-specific credit vehicle.

Locust Point Capital has closed on Locust Point Private Credit Fund, a $312 million real estate debt fund focused on providing financing for senior housing and healthcare facilities.

The Red Bank, New Jersey-based firm’s debut fund was oversubscribed, and 15-20 investor groups had to be turned away, managing director and partner Eric Smith told PERE.

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