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Wilshire Lane Capital Launches Fund for Proptech Investment, $40M Raised by First Close
Among the partners for the initial $40 million in limited partnerships sold by the time of first close include JP Morgan Asset Management, Bullock Capital and Asland Capital Partners. The fund’s anchor investor is Morgan Properties, the nation’s largest private multifamily owner.
Founded by Adam Demuyakor, Wilshire Lane has been raising capital for the proptech investment vehicle over the past four months. The fund’s target size is $125 Million.
Wilshire Lane has already made investments out of the fund in what it sees as promising companies, including fintech Esusu as well as metaverse real estate category leader, Everyrealm.
“Real estate is the largest asset class in the world,” said Wilshire Lane Founder and Managing Partner, Adam Demuyakor. “So, of course, large and attractive economic outcomes can occur when you combine the category with technology.”
