Peninsula raises $150m with its fourth LatAm offering

Peninsula Investments Group announced the final close of its Latin American opportunistic real estate fund, Peninsula LatAm IV, that attracted $150 million. The firm’s clientele includes institutions, endowments, and family offices, in addition to the U.S. International Development Finance Corporation (DFC), previously known as Overseas Private Investment Corporation (OPIC), as a strategic lending partner with an equity-debt type product. “The Fund’s strategy is to create value by providing equity and debt financing to development projects targeting the growing middle class and to distressed real estate opportunities in selected markets across the region,” said Mauricio Levitin, managing director and founder of the Miami-based firm. The real estate private equity firm was co-founded by Levitin and Josef Preschel in 2006 and has grown with offices now in Mexico City, Panama City, Bogota, Lima, Sao Paulo, Asuncion, Buenos Aires and Montevideo. Levitin and Preschel met in 2001, while attending the MIT Sloan School of Management. The firm aims to add value at both the developer and project level through hands-on execution and the implementation of sophisticated systems into the sales, management and construction processes. Peninsula seeks to optimize financial performance by actively monitoring these processes throughout the lifecycle of every project. “We have an extensive pipeline across all of our target markets and have already completed the first investments in ready-to-build residential projects in Brazil, Colombia, Mexico, Panama, Paraguay, and Uruguay with leading development partners," noted Preschel, who is managing director and founder.

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