Palisades Capital Growth Fund Hosts Open House

By JACQUELINE PRIMO | Reporter

Several dozen Pacific Palisades residents mixed and mingled over hors d’oeuvres and beverages at Palisades Capital Growth Fund’s open house on the evening of Thursday, Sept. 24 at its new office in the Palisades Village.

Guests snacked, sipped and had the chance to chat with managing members—Tony Ramsey, Ian Mitchell and Patrick McKenna—as well as operations manager Leslie Gornik.

Palisades Capital Growth Fund,  managed by Palisades Capital Management, launched this summer. It provides a strategic vehicle for investors to enter the potentially lucrative real estate market. The team specializes in identifying selective real estate investments that will create strong monetary returns to the Fund and investors.

“We invest in real estate with all investments secured by trust deeds,” Mitchell told the Palisadian-Post in an interview at their new office space, located in the historic building at Sunset Boulevard and Swarthmore Avenue. Part of their office is situated inside a converted bank vault from the 1920s.

The Fund is raising $25 million with up to a maximum of 100 individual investors.

“We underwrite for safety and strength by keeping the investments local and applying a high level of professional expertise. Since we live locally, we invest locally and most of our investors are locals as well. This formula creates the feel that we are all investing in, and with, our neighbors. We all know that investments have some element of risk, but by applying this philosophy, we feel we are more on top of managing those said risks,” Mitchell explained.

The managing members are all Westsiders and bring a combined 80-plus years of experience in banking and real estate investment.

Mitchell, a Sunset Mesa resident of 21 years, has 27 years of experience in institutional banking and private lending. Ramsey, a 20-year Palisadian, has experience in both real estate and business development. McKenna was born and raised in the Palisades and has 18 years of experience in mortgage banking and private equity.

With Palisades Capital Growth Fund, they will be focusing on projects in the Palisades and neighboring areas. “Part of our expertise is that we can get in front of local opportunities that others would not likely be exposed to or have the opportunity to be presented,” Ramsey told the Post.

“It’s an exciting time here in the Palisades,” McKenna said. “Just look around at home prices, and also with what Caruso is going to be building here. The Palisades is growing up and this is only going to create more upside in real estate investment.”

Palisades Capital Management and Palisades Capital Growth Fund are located at 15304 W. Sunset Blvd., Suite 201. Email info@palicapfund.com. 310-928-1977 or visit palicapfund.com.