Blackstreet Capital Raises $91 Million for Equity Fund

Blackstreet Capital Management today announced that Blackstreet Capital Partners II, LP raised $91 million of equity capital in 2008. This is the first closing of the fund, which is expected grow to $125 million.

“We are grateful for the confidence and support of both our long-time and new investors,” said Murry N. Gunty, Founder and Managing Director of Blackstreet Capital Management. “This fund will allow us to capitalize on the unique opportunities we anticipate in 2009 and beyond.”