Locust Point Capital wraps up inaugural private credit fund at $312 mln

Locust Point Capital has closed its debut private credit fund at $312 million, beating its initial $250 million target. The limited partners of Locust Point Private Credit Fund include pension funds, endowments, foundations, insurance companies and wealth advisers. The fund will provide subordinate debt, preferred equity and opportunistic senior mortgage loans to owner/operators in the seniors housing and care sector. Avec Capital/XT Capital Partners was the placement adviser while Morgan Lewis served as fund counsel.

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