Fund with $150 million raised will focus on opportunistic and distressed real-estate assets
Windsor Private Capital, a Toronto-based private asset management firm, has launched its first real estate fund.
With a capital raise of $150 million, WPC Real Estate Opportunity Fund I LP will be focused on acquiring opportunistic and distressed real estate assets in Ontario’s GTA and Golden Horseshoe region.
“We are excited about the launch of this new real estate fund given the tremendous opportunities we see in the market,” said Windsor founder, President and CEO Rocco Marcello. “We are pleased with the LiUNA Pension Fund of Central and Eastern Canada, our launch partner for the Fund, for their years of ongoing confidence in Windsor.”
The fund will be managed by Windsor and its senior executive team, which includes Marcello along with:
- John Cundari, president;
- Jordan Kupinsky, managing director; and
- Marco Di Carlantonio, senior vice president, who is also Windsor’s newest team member and will focus primarily on the fund.
“We look forward to partnering with Windsor who have produced outstanding results for us over the past 10 years and are looking ahead to the many opportunities the new fund represents,” said Joseph Mancinelli, LiUNA International vice president and regional manager for central and Eastern Canada. “We are proud to be supporting the mandate for redevelopment in our region which will help to spur job creation and prosperity in the GTA and Golden Horseshoe region of Ontario.”
