ezra schwartz
New York, NY (USA)
Role(s):
Manager/Supervisor
Recurent Capital
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Startup
Location:
New York
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
Fund Description:
The fund was formed in May 2008 as a highly
focused bridge finance fund. The fund seeks to close to new capital at $10mm of Assets Under Management
The fund will hold up to 20 bridge loans and other investments at any given time. Individual investments are small ($250k to $1mm) and are held for up to 18 months.
The fund seeks broad diversification and is unlevered.
The fund targets high returns and low risk to principal through lending bridge monies to growing, micro-cap private companies that are going public; or to fundamentally sound public companies that are raising secondary financings.
The fund receives an equity stake in the borrower as per the terms of the bridge loan.
A key driver in the formation of The fund was the immediate need for bridge financing of transactions advised by Highly global capital groups.
These transactions have historically generated outstanding returns.
The fund will invest in the best transactions, as well as those of leading micro cap investment banks and it’s own originated transactions.
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