SteeleHarbour Capital Partners Announces Successful First Closing of Strategic Opportunities Fund II

Tysons, VA, March 29, 2023 SteeleHarbour Capital Partners has successfully completed the initial closing of its second fund – SteeleHarbour Strategic Opportunities Fund II-A LP. The fund received capital commitments from a diverse group of investors, including high-net worth individuals, family offices and registered investment advisors.  

The fund is focused on general partner equity, preferred equity and mezzanine debt investments in value-add, development and opportunistic strategies. With a focus on mid- to long-term capital appreciation and protection, the fund’s investment thesis is centered around investing in Class A multifamily development and value-add attainable housing acquisitions, select mixed-use development and value-add acquisitions in other sectors opportunistically. The fund targets investments primarily in secondary markets in the Southeast and Mid-Atlantic United States that demonstrate strong long-term demographic and migration trends.  

“We are pleased to report this important milestone in our fundraising initiatives,” commented Christopher McGrew, Founding Partner and Chief Executive Officer of SteeleHarbour. “With Fund I fully invested, Fund II’s first closing provides us with the capital to continue taking advantage of attractive investment opportunities resulting from our off-market, relationship-based pipeline. Sustained migration trends continue to drive strong real estate fundamentals in our targets markets, while volatile macro-economic conditions are creating unique opportunities to provide financing solutions across the capital stack.” 

“The successful first closing of Fund II is a testament to the confidence in our investment thesis and our team’s ability to continue delivering results amidst constantly evolving market conditions,” said Deepak Hathiramani, Founding Partner and Executive Chairman of SteeleHarbour. “We are honored to have received such strong support from our existing investor base, and to welcome a diverse group of new investors as partners in perpetuating our investment strategy and growth. Our firm’s success is driven by the strength of our relationships with our investors, business and financing partners, and we look forward to continuing to build successful long-term relationships as we continue to create value for our investors and grow the SteeleHarbour platform.” 

About SteeleHarbour Capital Partners

SteeleHarbour Capital Partners is a real estate investment firm focused on middlemarket general partner equity, preferred equity and debt investments with a primary focus on multifamily and mixed-use properties in high growth markets in the Southeast and MidAtlantic United States. SteeleHarbour’s strategy is centered around identifying and investing in secular and cyclical trends, acting on proprietary insights and leveraging deep industry relationships and institutional experience to execute on investment opportunities. The SteeleHarbour senior team has collectively completed approximately $9 billion of real estate investment, financing and capital market transactions over the last 25+ years. For additional information, please visit  



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