Locust Point Capital announced the final close of its third seniors housing credit fund, and it topped the firm’s predecessor vehicle by 56%. That performance reflected strong interest from the firm’s existing limited partners, as well as from a group of new institutional investors.
Locust Point Private Credit Fund III totaled $668 million in capital commitments, and with it, the credit investment firm will target sub-$50 million transactions within its core strategy of providing structured credit solutions to experienced seniors housing owner/operators. Fund III also reflects Locust Point’s continued investment in its technology and operating infrastructure, enabling the firm to scale effectively while enhancing portfolio oversight.
Concurrently with the announcement, Locust Point revealed its promotion of Dan Contardi, Co-Founder and formerly Executive Managing Director, to President, formalizing his leadership across the firm’s investment, operational and strategic initiatives. Since its founding in 2015, Locust Point Capital has raised more than $1.6 billion in capital commitments across its investment vehicles.
