Alicia Glen’s MSquared Raises $108M Fund
MSquared, a women-owned real estate development and investment platform founded by former Deputy Mayor Alicia Glen, today announced the $107.6-million closing of its Equitable Housing Solutions Fund I (EHSF), which will invest in mixed-use, mixed-income projects in cities nationwide, with a focus on women and minority-owned development teams.
EHSF raised capital through a combination of private and non-profit partners including Citi Community Capital, the Urban Investment Group within Goldman Sachs Asset Management, Wells Fargo and the Community Preservation Corporation.
Following the successful close, Lower Manhattan-based MSquared has launched MSquared Impact Partners Fund I, which will aim to raise an additional $200 million from non-institutional investors to invest in similar projects across the country.
“Women and minority-led development firms have encountered unacceptably high barriers to entry for way too long and we are focused on disrupting the status quo through our fund business,” said Glen.
- ◦Development