BKM capital partners signs mercury capital advisors as exclusive placement agent and cortland capital market services as fund administrator
Orange County, Calif. – March 9, 2015 – (RealEstateRama) — As part of its plan to reach its fundraising target of $200 to $300 million by the end of 2015, BKM Capital Partners, a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S., has formally announced it has exclusively signed with Mercury Capital Advisors as its placement agent and Cortland Capital Market Services as fund administrator.
New York-based Mercury Capital Advisors Group is a leading international institutional capital raising and investment advisory enterprise specializing in deep relationships with a broad range of the world’s pre-eminent institutional investors.
According to BKM Capital Partners, the premiere capital raising firms have very rarely accepted first-time funds as mandates for raising capital since the Great Recession.
“While we are technically a first time fund, our team’s tenure together and knowledge of our target sector and markets set us apart. Our partnership with Mercury Capital Advisors is another important milestone that reflects our strength, abilities, and potential,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners. “Following the formation of our alliance with Mercury, we doubled our fundraise target from $100 million to $200 million, and with their help, we expect to meet or exceed that goal ($300 million hard cap) by the end of 2015.”
Mercury Capital Advisors’ selection process looks for highly strategic and niche-focused options, and is careful to identify general partners that demonstrate true long-term growth potential, according to Malliet.
“Based on our team’s superlative track record and our operator model of expertise in the unique niche industrial market in which we specialize, Mercury Capital expects strong interest in this fund,” he says.
In addition to partnering with Mercury Capital Advisors, BKM has brought on Cortland Capital Market Services to serve as fund administrator.
Cortland Capital Market Services will provide fund accounting, investor servicing, and other middle- and back-office support services to the Orange County-based investment firm’s fund, according to BKM’s Director of Finance, Michael Hernstad.
“We take our fiduciary duties to our investors as seriously as anything we do,” explains Hernstad. “It’s particularly essential that we implement the best systems available early in our growth to set internal standards for compliance and reporting high. Following a thorough search of options in the market, we felt that Cortland best enabled us to do that.”
Headquartered in Irvine, California, BKM Capital Partners is a fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and structured financing, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors.
Additional information is available at www.bkmcapitalpartners.com. Inquiries can be directed to Brett Turner, Director of Acquisitions, at , or Charlie Ittner, Director of Investor Relations, at .
Contact:
Amanda Brenner & Jenn Quader
Brower, Miller & Cole
(949) 955-7940