FUNDRAISING NEWS | November 14, 2024
Blacklist Capital said it has closed on its Blacklist Equity Fund III and expanded into the Middle East with the acquisition of its first real estate asset in the United Arab Emirates.
Fund III was established in December 2020, when it filed its initial Form D with the SEC with a $5M target, though the firm’s web site appears to list a different target of nearly $1.3M. Blacklist, which did not provide a final closing amount, said it focuses on developing multifamily rental properties within New York City, where it believes it can capitalize on stable occupancy rates and generate consistent cash flow.
The firm also said it intends to follow the UAE real estate investment with additional expansion in Saudi Arabia “in the near future.” Blacklist founder Fahad Rajput said the move is in line with the firm’s goal to grow in new markets and diversify its investments. Blacklist did not provide details related to its UAE investment.
Dakota is a group of extraordinary people who try and do extraordinary things every day while playing at the highest level of professionalism in their domain.
