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FUNDRAISING NEWS | December 13, 2024
Tags: Private Credit, Fundraising
Asset-based financing firm Park Cities Asset Management is aiming to raise $250M for its third specialty finance fund, a nearly 70% increase over its predecessor fund that closed in August.
The closed-end fund made its first sale on November 25 and has so far raised $14.5M from 23 investors, with a minimum investment size of $100K. Predecessor Fund II closed in August after raising $148M from 98 investors.
Dallas-based Park Cities provides financing to small to medium-sized businesses and high-net-worth individuals, with transactions typically in the $10M to $50M range.
Written By: Dakota
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