Balfour Pacific Real Estate IV holds initial close

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By Ted Liu

Balfour Pacific Capital Inc., formerly Second City Capital Partners, has held an initial closing for its fourth private equity fund and its third real estate fund, Balfour Pacific Real Estate IV, Limited Partnership, raising US $29.5 million.

Balfour Pacific Capital’s previous funds include:
Fund I: Second City Capital Partners I LP (US $100M)
Fund II: Second City Capital Partners II LP (Real Estate I) (US $102M)
Fund III: Second City Real Estate II LP (Real Estate II) (US $120M)

Real Estate I is fully invested and has achieved a partial exit through the specially created NYSE-listed City Office REIT. Real Estate II is almost fully invested and management has begun to realize on their assets.

Balfour Pacific Capital Inc. is owned by Samuel Belzberg through Gibralt Capital Corporation. 

photo credit: Léolo Lozone via pxiabay