Delcap Management, a new investment firm helmed by veteran fund manager Ethan Waddell, is set to launch with an initial capital raise of $100 million. This initial raise will be invested in various distressed assets, both secured and unsecured, but primarily around the real estate sector.
“I am excited about the opportunities ahead for Delcap Management. I have a clear vision for this company, and the direction that we’re headed as a group,” said founder Ethan Waddell. “We will be everywhere that my career has taken me, in the industries of real estate, finance, and commodities.”
Set to officially launch in Mid-October, the fund has plans for expansion of holdings in various physical commodities. This strategy has been termed “foundational investing,” which translates to executing an investment strategy modeled after what they perceive to be the essential variables of societal living.
For more information, visit delcapmanagement.com.
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