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Jaguar Closes First Real Estate Fund, as PE Firms Continue Raising

Aliansce, LatAm Logistic and Tenda have all received capital commitments from the fund

Jaguar Growth Partners has closed its first real estate private equity fund, called Jaguar Real Estate Partners I (JREP), with approximately $350 million in capital. The fund has already committed more than $200 million to several portfolio companies.

Jaguar is a New York-based investment management firm specializing in real estate private equity. The firm, founded in 2013 by Gary Garrabrant and Thomas McDonald, will use funds from JREP to invest in real estate-related businesses.

Jaguar primarily targets companies in the Latin American region, including: Brazil, Mexico, Andes and Argentina. Since 2016, the firm has already committed equity capital to real estate developer LatAm Logistic Properties, Brazilian retail property company Aliansce, and Brazilian home builder Tenda.

PE firms have been busy raising funds. Recent fund raises include: Carousel Capital’s $400 million buyout fund; healthcare investment firm CRG closing a $1.25 billion credit fund to focus on the sector; Carlyle’s $2.8 billion credit fund for the energy sector; Kainos Capital’s closing of a second fund to target consumer goods and food and beverage deals; and Arsenal Capital Partners’ closing of a $1.3 billion private equity fund.

 

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