Back

Former N.C. Budget Director Leads New $72 Million Real Estate Fund

July 19, 2017 | Triangle Business Journal
Amanda Hoyle

SharpVue Capital, the private equity management fund led by former state budget director Lee Roberts, has announced the closing of its first real estate private equity fund after securing $72 million in total investment commitments.

Roberts says the fund has already invested $24 million in real estate deals, some as an equity owner and some as a bridge loan investor, in Charlotte, Greensboro and Wilmington, as well as in Nashville, Tennessee. He did not disclose the identity or address of the properties, but the project in Nashville is a ground-up hotel development.

“We did each of these deals on an off-market basis,” Roberts stated. “Our ability to do equity, mezzanine, preferred or bridge financing helps us find good situations, and growth in our target markets remains very strong. We’re excited about the investment opportunities ahead for this fund.”

Read more