SOURCE: Keiretsu Forum

May 29, 2007 11:30 ET

Keiretsu Forum Members Invest $11.4 Million in Equastone Value Fund II

SAN FRANCISCO, CA--(Marketwire - May 29, 2007) - Keiretsu Forum, the nation's largest angel investment network with over 500 members, today announced its members' investment in Equastone Value Fund II (EVF II), a private equity real estate fund sponsored by San Diego-based Equastone. Forty-five Keiretsu Forum individual members invested a total of $11.43 million.

Keiretsu Forum provides its members with a structured approach to private equity investments, allowing like-minded business leaders to work together and assess investment opportunities and then make individual investment decisions. Keiretsu Forum is different from other angel investment networks whose members typically invest only in early stage high and low tech operating companies. Approximately 30% of all investment opportunities presented to Keiretsu Forum members are "brick and mortar" (i.e. real estate and other non-technology related sponsors). To assure high quality of deal flow, firms seeking to raise capital from Keiretsu are screened by a committee made up of members with applicable experience and expertise before a presentation to the full membership is allowed.

"Equastone's successful round of funding demonstrates the power of the Keiretsu Forum network to raise private equity, which in turn attracts the best companies to present to our members. It's a win-win for both the providers and users of private equity capital," said Randy Williams, founder and CEO of Keiretsu Forum. Williams founded Keiretsu in order to provide a structured and efficient way for investors to see high-quality deal flow and for businesses to raise private equity capital in an exclusive networking environment.

Equastone Value Fund II closed to new investors April 30, 2007 having raised a total of $172,500,000 from high net worth individuals and institutional investors. Equastone is in the process of acquiring and repositioning up to $800 million of underperforming office and industrial properties across the U.S. on behalf of EVF II, with the investment objective of achieving 20% per year net returns over a five-year term.

David Bourne, Equastone Chairman and a member of Keiretsu, said, "Keiretsu Forum has been a very effective vehicle for raising money directly from accredited investors. There are no selling commissions, so private equity can be raised very inexpensively, which increases investment returns to the benefit of both the investor and the sponsor." Tom Dowd, a Keiretsu Forum member and recipient of the Keiretsu Forum's 2006 Philanthropist of the Year Award, recently accepted a position on the Equastone Value Fund II Advisory Board. "I look forward to helping guide the fund's ongoing success on behalf of Keiretsu Forum and all its investors," said Dowd.

About Keiretsu Forum -- Keiretsu Forum is the largest North American angel network with 500 accredited investor members. Since September 2000, Keiretsu Forum members have invested over $130mm in 145 companies in technology, healthcare/life sciences, consumer products, real estate, clean technology and other segments with high growth potential. Our community is strengthened through education on angel investing, as well as charitable and social activities. For more information, please visit www.keiretsuforum.com.

About Equastone -- Equastone is a real estate investment firm specializing in opportunistic, value-added and core-plus real estate investments. Equastone manages investment capital on behalf of Equastone Real Estate Funds, which are private equity funds for high net worth and institutional investors. For more information call Mykel Sprinkles at 858-812-3261 or visit www.equastone.com.

Contact Information

  • For more information:

    Micah Charyn
    415-946-4064

    Mykel Sprinkles
    858-812-3261