Well that was fast.
Anthony Scaramucci’s SkyBridge Capital has found a new partner for its $3 billion Opportunity Zone fund, less than two weeks after ending its venture with EJF Capital.
The Mooch’s hedge fund is bringing on Westport Capital Partners, an investment management company with offices in Connecticut, California, Montana and the United Kingdom, SkyBridge announced Monday.
SkyBridge previously partnered with Manny Friedman’s EJF Capital on the project, but the firms split up earlier this month. At the time, SkyBridge cited concerns from its distribution partners about the lack of experience EJF had managing real estate funds.
It appears that this will be less of an issue with Westport. The firm boasts on its website that its team of principals “collectively have over 100 years of real estate investment management, operating, consulting, and brokerage services experience.” It had about $2 billion of assets under management as of the end of September, and its recent moves include breaking ground on a 450,000-square-foot industrial park near Savannah and selling an 89-unit multifamily building in Santa Barbara for $56.2 million, according to the company.
Westport did not respond to a request for comment, and SkyBridge president Brett Messing was not immediately available.
Messing previously told The Real Deal shortly after SkyBridge and EJF split that the company hoped to announce its new partner soon, and that nothing would change regarding its fundraising goal and overall strategy.Recommend0 recommendationsPublished in