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ICM’s First Private Equity Fund Oversubscribed
Los Angeles-based Integrated Capital Management (ICM) closed its inaugural real estate private equity fund – Integrated Realty Capital I LP – on an oversubscribed basis with more than $30 million in equity commitments. The discretionary GP Fund targets light value-add to opportunistic commercial real estate investments across the United States in all asset classes. To date, the fund is 30% committed with a current asset mix of multifamily, condominium, office and retail in primary and secondary markets.
The private investment management firm was founded by John Carrick and Robert Lindner. The firm’s first discretionary GP fund secured a diverse base of investors, including several large family offices, registered investment advisors, high-net-worth individuals and foreign capital sources. Shamrock Holdings, Inc., which serves as the investment vehicle for certain members of the Roy E. Disney Family, was one of the fund’s seed investors.
ICM’s Carrick says, “It is gratifying to receive a strong vote of confidence from such a variety of significant private wealth relations, and we very much appreciate their trust.”
*Pictured from Left to Right – Robert Lindner and John Carrick
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