North River Investment Management LLC, New York, has announced the launch of its first commercial real estate private equity fund with $100 million of committed capital. The fund, North River Opportunity Partners I LP, will initially buy discounted pools of commercial mortgage debt and originate first-mortgage and mezzanine loans on high-quality commercial real estate properties, the company said. "The fund will pursue investment strategies designed to capitalize on opportunities created by turmoil in the global credit markets," North River Investment said.
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