AXCS Capital, a Los Angeles, CA-based company which specializes in real estate capital markets and owner of George Smith Partners, received an up to $102M strategic investment from Conversant Capital.
Conversant’s investment included:
- $22M of growth capital to expand AXCS’ existing business and facilitate the launch of new business verticals, including AXCS Investments, AXCS’ asset management subsidiary, and
- the commitment to invest up to $80M over time.
Led by CEO Evan Kinne, AXCS Capital is a commercial real estate finance firm that, through its affiliates, manages investment vehicles and combines its proprietary technology with experience to provide capital markets advisory to institutional real estate sponsors nationwide via its subsidiary, George Smith Partners.
As part of its investment, Conversant will seed new AXCS-managed investment vehicles focused on Co-GP and Credit/Preferred Equity opportunities.
FinSMEs
25/11/2024