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Northlight Financial Announces Launch of $100 Million Fund

""Northlight Financial LLC"":http://www.northlightfinancial.com, a New York-based manager of private equity debt investments, has announced the formation of a limited partnership, Northlight LP.


The fund will provide asset-backed loans to middle market companies, acquire whole loans in the secondary market, and purchase distressed assets in the commercial, industrial, and real estate sectors.

As Northlight's second fund targeting the middle and distressed market segments, it will initially deploy $100 million in capital and will target investments ranging from $5 million to $15 million in executing its investment strategy.

The fund is managed by Northlight's partners, Michael H. Jahrmarkt, Robert B. Woods, Mark P. Hirschhorn, and Chris E. Jahrmarkt.

Northlight currently manages more than $450 million in real estate loans, corporate loans, and related assets.

About Author: Heather Cernoch


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