Loci Capital closes $53M+ fund
September 21, 2023 - Tampa-based private real estate fund manager Loci Capital Group has closed its second fund, Loci Capital Opportunistic Fund II LP, with over $53 million in subscriptions. The closing of the fund, completed July 31, represents more than double of Loci's first close target of $25 million, according to an announcement this week. Loci Capital, founded in 2019 by Michael Phillips and Patton Chillura, has invested more than $250 million of equity in over $1.1 billion worth of real estate. The second fund includes Loci’s first institutional investor, high net worth individuals, single and multi-family offices, RIAs and wealth management firms.