Equity Placement
Equity Capital for Commercial Real Estate Sponsors
What We Do
Placing Equity for Development & Investment Transactions
Fraser Growth Partners places equity capital for commercial real estate sponsors through a designated network of institutional allocators, family offices, and accredited investors. Our emphasis is on development equity, pairing operating sponsors with capital partners across JV equity, preferred equity, LP co-investment, and recapitalization structures.
FGP focuses on middle-market transactions where capital requirements exceed existing networks but fall below institutional platform thresholds. We We structure and place, not just introduce.
The Capital Stack
Where We Operate
Every transaction has a different capital structure. FGP places equity across four product types, each matched to the sponsor's position in the capital stack and the investor's return profile.
Common / JV Equity
FGPSponsor contributes expertise, LP contributes capital
Typical: 15-25% IRR target · Promote + waterfall structure
LP / Syndicated Equity
FGPPooled capital from accredited investors
Typical: 12-20% IRR target · Fee + profit split structure
Preferred Equity
FGPPriority claim ahead of common equity
Typical: 8-14% preferred return · Cumulative, often with IRR on exit
Mezzanine Debt
Subordinated lien, higher coupon
Typical: 10-15% coupon · Second lien or unsecured
Senior Debt
First lien, lowest cost of capital
Typical: 5-8% rate · 55-75% LTV
FGP Focus
Equity Products
Capital We Place
Detailed breakdown of each equity structure we place for sponsors.
Joint Venture Equity
The core of our practice. We pair operating sponsors and developers with capital partners including pension funds, sovereign wealth, high-net-worth individuals, and family offices in structures with preferred returns, promote waterfalls, and IRR-based distributions.
- •Preferred return to LP with promote to sponsor
- •IRR preference and lookback waterfall structures
- •Development, value-add, and stabilized assets
Preferred Equity
An equity interest with debt-like characteristics: a superior claim on cash flow ahead of common equity with a defined preferred return, often cumulative. Fills the same gap as mezzanine but structured as equity, useful when senior lenders prohibit additional debt or a mezzanine lien.
- •Priority claim ahead of common equity
- •Cumulative preferred returns with preferred IRR on exit
- •Senior lender-friendly equity structure
LP / Co-Investment & Syndicated Equity
For sponsors placing common equity with a pool of investors. We support both the equity placement and the structuring (development fees, management fees, and profit splits) through syndications that combine investor capital with sponsor expertise.
- •Syndicated equity placements for accredited investors
- •Fee and profit split structuring
- •Securities-compliant offering support
Recapitalization Equity
Bringing in new equity to replace or buy out existing partners, or to harvest gains without a full disposition. Recapitalizations allow sponsors to restructure their capital stack, return investor capital, and reposition for the next phase of an asset's lifecycle.
- •Partner buyouts and equity restructuring
- •Gain harvesting without full disposition
- •Capital stack repositioning
Our Approach
How We Place Capital
Each engagement follows a structured process designed to identify appropriate investors and convert interest into capital commitments.
Deal Assessment
Evaluate deal structure, equity requirements, and waterfall terms to confirm readiness.
Investor Targeting
Identify and prioritize equity partners whose mandate, check size, and return parameters align.
Outreach & Engagement
Targeted outreach to generate qualified meetings and build investor pipeline.
Execution & Close
Due diligence support, term negotiation, and commitment management to close.
Who We Work With
Sponsors We Serve
FGP works with commercial real estate sponsors who have compelling transactions, established track records, and equity requirements beyond their existing investor base.
Discuss Your Equity PlacementDevelopment Sponsors
Ground-up developers seeking JV equity or LP capital for multifamily, mixed-use, and commercial development projects.
Land Developers
Sponsors acquiring and entitling land for residential or commercial development requiring preferred or JV equity capital.
Fund Managers
Emerging and established fund managers launching new vehicles or placing LP capital for existing strategies.
Operating Companies
Real estate operating companies pursuing growth capital, joint venture equity, or recapitalization.
Discuss Your Equity Requirements
For sponsors with active transactions or those planning future equity placements, Fraser Growth Partners welcomes the opportunity to discuss your requirements.