$292M raised for RCG Longview Fund

June 16, 2004, Real Estate Weekly

RCG Longview announced the closing of fund-raising for its most recent vehicle, RCG Longview II, LP, with a total of $292 million in raised equity.

“The successful closing of our largest fund to date is a clear testament to our investors’ confidence in the fund’s principals and the strategies we have employed, despite significant pressure from our competitors and a historically low interest rate environment”, said Michael Boxer, partner of Ramius Capital Group and founding partner of RCG Longview.

Since the fund’s inception in 1999, the principals, Peter Cohen and Michael Boxer (Ramius Capital Group), Jeffrey Feil and Jay Anderson (The Feil Organization), Morton Olshan (Mall Properties) and Jon Estreich (Estreich and Company) have placed more than $600 million with RCG Longview Fund vehicles.  The fund is driven by strategies employed by owners and operators of real estate and thus differentiates itself from its competition by focusing on opportunities where their experience and operational abilities can add value beyond financial structuring.

The fund has been active in practically every U.S. real estate market.  Products include short-term bridge loans, mezzanine loans and special situations