Broad Creek Capital, a private-markets investment firm focused on U.S. real assets, announced the first close of BCC Multifamily Advantage Fund I, its dedicated U.S. value-add multifamily vehicle.

The fund is anchored by a select group of U.S. municipal institutions and family offices across the United States and Europe. The close of the fund marks a significant step in Broad Creek’s continued growth as a transatlantic private markets platform. The fund is targeting $150 million in total capital commitments, with a second close planned for early 2026.

“This first close is a strong endorsement of our platform and investment thesis,” said Matthew Ruesch, Co-Founder and Managing Partner of Broad Creek Capital. “We see one of the most compelling entry points for multifamily in over a decade, where disciplined capital and hands-on execution can generate durable, long-term returns.” In conjunction with the first close, BCC MAF I completed the off-market acquisition of Loft One35, a 298-unit multifamily community in Charlotte, North Carolina, for $94 million.