Wednesday, February 23, 2022

Wilshire Lane Capital Finds $40M For First Fund

Los Angeles-based property tech investor Wilshire Lane Capital has raised $40M in a first fund, the company said on Tuesday. The fund--founded by Adam Demuyakor--said investors in the fund included J.P. Morgan Asset Management, Nile Capital Group, Schusterman Family Investments, TRB Advisors, First Close Partners, Asland Capital Partners, Bullock Capital and Efrem Kamen, founder of Pura Vida Investments, as well as anchor investor Morgan Properties, the largest private multifamily owner in the United States. Wilshire Lane Capital said it is continuing to raise funding, with a target size of $125M for the fund. Wilshire Lane Capital says it has already made investments in a number of companies, including Esusu, Jetty, Funnel Leasing, Everyrealm, and Pinata.