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| October 24, 2012 03:03 PM EDT | Reads: |
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SAN DIEGO, Oct. 24, 2012 /PRNewswire/ -- BruttenGlobal announced today the formation of Brixton Capital, LP, a private investment firm. Brixton Capital has been created to capitalize on the significant opportunities available to generate outstanding risk-adjusted returns by investing in real estate and other opportunistic transactions which, on average, require less than $10 million of equity per transaction.
Brixton Capital has been designed to further the exceptional investment success of Marc R. Brutten, the Chairman of BruttenGlobal. Since 1994, Brutten has, through his leadership with several prominent real estate firms, achieved levered realized returns on his investments of 79.8%. According to Brutten, "The dearth of capital available to lower-middle-market opportunities from traditional capital sources has created an ideal environment in which to invest at this level."
While Brixton Capital will consider a wide variety of asset types, Brutten said it is especially focused on off-market situations in the western U.S. that are currently producing cash flow or have the near-term prospect of producing cash flow and, due to a variety of circumstances, require a well-capitalized partner that can move quickly, understand the opportunity and invest accordingly. Transaction types include direct acquisitions, recapitalizations, distressed note purchases and joint ventures.
The initial deal flow to date for Brixton Capital has been brisk and the fund boasts a current transaction pipeline that exceeds $75 million. "Our goal is to close on $100 million per year in transactions within the lower middle market, which we feel provides the most attractive returns on a risk-adjusted basis," said Travis King, BruttenGlobal's Chief Investment Officer.
About Brixton Capital
Brixton Capital (www.BrixtonCapital.com) is an opportunistic investment firm whose team has proven experience in unlocking embedded value in mispriced and special-situation transactions. Brixton's investment universe includes real estate assets, loans and operating companies. Brixton and its affiliates have a proven track record of generating outstanding risk-adjusted returns across a number of investment cycles.
About BruttenGlobal
BruttenGlobal (www.BruttenGlobal.com) is the international family office of Marc R. Brutten, which owns and manages a diverse array of holdings valued at more than $1 billion across a variety of industries, including real estate, banking, professional sports, aviation, media and consumer products. BruttenGlobal maintains significant ownership interest in Westcore Properties, Westcore Europe, Brixton Capital, California Republic Bank, Airport Development Partners, West Town Estates and Uncle Milton's.
For more information, please call Travis King, Chief Investment Officer, at (858) 367-7147 or email at tking@brixtoncapital.com.
SOURCE BruttenGlobal
Published October 24, 2012 Reads 158
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