IBS Investment Bank, a private investment firm based in Fort Lauderdale, FL and a division of Institutional Banking Services, announced this week that it had commenced its $350 million open-ended IBS Debt Ventures Fund IV. Backed by seven major institutional investors, the fund was formed to invest in real estate, mostly in distressed situations, according to a South Florida Business Journal report. The portfolio will consist primarily of debt and equity interests in distressed commercial property, commercial mortgages, commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies on a global basis, with a primary focus on providing bridge financing in the U.S.
"We think we have a unique business model. We have built a dedicated boutique platform which is backed by resources that are highly respected in the marketplace," IBS chairman and chief executive officer Jason Jackson told reporters.
IBS's other affiliates include an insurance agency, a real estate brokerage, and accounts receivable management. IBS Investment Bank specializes in direct investments in small to middle market businesses with annual sales of $5 million to $300 million.
For more news and information visit Blumberg Capital Partners.
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