Marble Capital, a Houston-based investment manager focused on multifamily development, has closed its second fund with $250 million in capital commitments, exceeding the fund’s initial target of $150 million. The company’s debut fund closed just two years ago at $100 million. The Fund manager provides primarily preferred equity to experienced developers who build in high-growth markets across the U.S. [...]

A startup investment manager has completed raising $100 million of equity for its debut fund. The Houston shop, Marble Capital, is shooting for a 13-14% return by providing preferred equity to developers of multifamily properties nationwide. The operator aims to work with well-respected developers in top markets. It generally supplies $5 million to $15 million of capital per investment, in the portion of the capital stack between the construction loan and the developer's own equity. [...]