Investment in-line with distressed real-estate strategy and provides further inroads to valuable U.S. opportunities
Black Pearl Capital’s private equity fund, Black Pearl Capital Partners (“BPCP”), has invested in Summit Equities LLC, a US based real-estate investment company that specializes in purchasing non-performing debt instruments and commercial real-estate properties.
“We’ve had great success in the UK by turning around depressed real-estate properties and we wanted to replicate that success in the US market,” said Dominique Leimer, Senior Partner Black Pearl Capital. “Summit Equities has shown a deep understanding of the complex commercial real-estate market. Along with their strong relationships to local banks, they are an ideal company to align with as we continue to capitalize on the opportunities in the current market.”
Summit Equities is known for its access to regional banks and its ability to procure extensive off market transactions with a dedicated focus to acquiring and managing non-performing and value add real-estate investments. Their executive team has over $1.5 billion in transactional experience giving them the potential to become a major market participant.
“The foundation of the firm is built on rigorous due diligence in all of our pursuits, acting with the highest ethical integrity, and maximizing our personal relationships to obtain direct transaction with sellers, optimizing our resources and returns. We are thrilled to have BPCP as a partner and believe in the value our collective platforms will create together,”said Evan Seiden, CEO of Summit Equities LLC.
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund created and managed by Black Pearl Capital (BPC). BPC is an asset management firm registered in the Cayman Islands, with headquarters in Switzerland and offices throughout Europe and the Middle East. For more information, visit www.blackpearlcap.com
Summit Equities LLC
Summit Equities, LLC, a private equity real estate investment firm, targets a diversified portfolio of U.S. real estate investments in multi-family, retail, and commercial markets. Strategies include acquisition, value-add, development, and redevelopment. For more information, visit http://www.summitequitiesllc.com/home