Life Capital is expected achieve its $200 million target by the first close for its next flagship pool, sources told Buyouts.
LSM Management is acting as the exclusive placement agent on fundraising from the middle and far east. Six Korean investors have reportedly signed subscriptions for the first round.
Launched by Marc Nasir in 2016, Life Capital completed its first flagship fund for USA office space in 2018. Marc, who spent nearly two decades at the Blackstone Group, is listed in Life Capital’s Form ADV as controlling the management of the company. James McArthur is listed as the other managing partner.
Life Capital managed approximately U$316 million as of Dec. 31, 2017, according to the Form ADV. The firm targets founder-led mid-market businesses across various sectors, including healthcare and life sciences, software and technology services, business services and engineered products. It invests equity of $5 to $25 million in properties in the UK senior living space.
Life Capital most recently acquired 5 senior homes in March 2019. In December of that year, the firm invested in a hospital in southwest London New York-based Life Capital stated that it closed Fund 1 at U$250 million in 2017, beating its U$200 million target.
Fund-of-funds Saplings Alternatives helped anchor the fund’s debut with a substantial commitment, according to a statement from Life Capital.
The fund has already committed $50mn to properties in NYC focusing on office spaces with Value-Add incremental increase across its assets.
