On Friday, ""Encore Equities, LLC"":http://www.encoreequitypartners.com/, a subsidiary of Dallas-based ""Encore Enterprises"":http://www.encore.bz/, Inc, named Scot Clevenger as the company's VP of capital markets.[IMAGE]
In his new position, Clevenger will cultivate investor and partner relationships and identify projects that meet the company's investment criteria. In addition, he will be[COLUMN_BREAK]
responsible for raising funds through family offices, registered investment advisors, and high net-worth individuals for limited partnerships, joint ventures, and the Encore Opportunity Fund II.
Being formed as a real estate investment vehicle to co-invest with Encore Enterprises and its subsidiaries, the Encore Opportunity Fund II is the company's third fund and has a $150 million target with a ""green shoe"" option of up to $250 million.
With more than 20 years' experience in real estate, technology, and financial services, Clevenger comes to Encore from his position as VP of sales at ""Rainer Capital Management, LLC."":http://www.rainiercapital.com/ There, he raised investor capital through financial advisors to be deployed in debt and equity offerings, including diversified funds, individual transactions, and 1031/tenant-in-common projects. Prior to his time at Rainer, Clevenger was the managing principal of a transaction advisory firm that provided services for commercial projects.