EPC Promecap Multifamily Fund V Aims to Raise $400M

Eagle Property Capital Investments LLC teamed up with Mexico city-based Promecap to launch a new multifamily investment vehicle. EPC Promecap Multifamily Partners V LLC aims to raise up to $400 million in equity commitments, with an initial closing planned for March 2022. The capital raised in Fund V will allow for $1.2 billion in the acquisition of value-add multifamily assets.

Promecap is an institutional private equity firm founded by Fernando Chico Pardo in 1997. To date, Promecap directly and through its private equity platform has completed more than 70 investments and more than $3.3 billion in assets under management.

Similar to prior EPC funds, Fund V will target income-producing value-add (A-, B or C+) properties in high-growth Sunbelt markets that can be acquired at a discount to replacement cost and benefit from a full-scale repositioning.

“We are delighted to be partnering with Promecap, one of Mexico’s leading private equity firms, on the launch of EPC’s fifth multifamily fund,” said Gerardo Mahuad, managing principal at Eagle Property Capital Investments. “Together, EPC and Promecap are ideally positioned to create value for investors and for the communities in which we invest.”