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Locust Point Capital Closes $668m Fund, Appoints New President

MIAMI — Investment firm Locust Point Capital, which operates exclusively in the seniors housing and care sector, has closed its Locust Point Private Credit Fund III with $668 million in total capital commitments.

This marks a 56 percent increase over raise of the firm’s predecessor vehicle, which closed at $428 million.

According to Locust Point, Fund III will continue to execute the firm’s core strategy, which includes providing structured credit solutions to owner-operators of seniors housing communities.

“Having invested in the seniors housing industry for more than three decades, I believe the combination of favorable macroeconomic tailwinds and accelerating demographic-driven demand positions Fund III to be one of our strongest performers to date,” says Eric Smith, co-founder and CEO of Locust Point.

Since its inception in 2015, the firm has raised more than $1.6 billion in capital commitments across its investment vehicles.

Locust Point has also announced the promotion of Daniel Contardi to the role of president. Contardi, co-founder of Locust Point, previously served as executive managing director.

The post Locust Point Capital Closes $668M Fund, Appoints New President appeared first on Seniors Housing Business.

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Locust Point Capital Closes $668m Fund, Appoints New President

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