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Alternative Assets  + Real Estate  | 
NXSTEP Raises Over $100M for Inaugural Fund Focused on Real Estate Businesses

NXSTEP Raises Over $100M for Inaugural Fund Focused on Real Estate Businesses

NXSTEP Opportunity Partners, a real estate-focused private equity fund, recently announced it raised over $100 million for its debut fund, exceeding its initial target.

The fund’s strategy will pursue investments spanning self-development, third party development, interim and pursuit capital, and real estate-linked businesses with a focus on Central Texas, according to the firm.

“We know it is a tough macro environment, so we are extremely grateful to our investors for placing their trust in our team. We feel this is a great time to be investing, and we are already identifying exceptional opportunities to put their capital to work,” said RW McDonald, co-founder and managing director at NXSTEP.

Winston Strawn, LLP provided legal counsel to NXSTEP and Cobalt Fund Services, LLC provided fund administration services.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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