Park Cities Targets $250M for Specialty Finance Fund III

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. 

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Written By: Dakota

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