A Houston-based investment manager focused on multifamily development raised
hundreds of millions of dollars for its second fund.
Marble Capital LP closed its second fund at $250 million, exceeding the fund's initial target
of $150 million, according to a Dec. 18 press release. Marble Capital's first fund closed two
years ago at $100 million.
Marble Capital primarily provides preferred equity to experienced developers in U.S. growth
markets, the release notes. Marble Capital's second fund aims to provide between $5 million
and $20 million in capital for each project. The fund has already closed or committed to 16
projects valued at $160 million, and the firm expects to deploy the remaining capital in