Northlight Capital

Northlight Capital invests in distressed and opportunistic commercial real estate debt. The firm acquires sub- and non-performing loan portfolios, provides debtor-in-possession and bankruptcy exit financing, and originates high-yield first-lien loans. Real estate is the primary form of collateral across all strategies.

NCP sources transactions by acquiring non-performing and sub-performing loan portfolios from banks and other financial institutions, as well as by providing rescue capital directly in bankruptcy proceedings. The firm's track record in court-supervised restructurings, including DIP loans to a bankrupt casino and a mortgage REIT, suggests deep relationships with restructuring advisors and distressed sellers.

Both. The firm launched its first family-office advised trust in 2011 and has since raised four blind-pool commingled funds, beginning with Northlight Real Estate Opportunity Fund I in 2014. It also structures separate accounts and provides co-investment opportunities to limited partners.

Northlight Capital states its typical transactions range from $5 million to $40 million of capital deployment per deal. The firm notes it has the capacity to invest larger amounts in specific situations, as evidenced by a $325 million non-performing loan portfolio acquisition in a prior fund.

No. While NCP does not maintain an explicit geographic exclusion list, all disclosed portfolio activity — including NPL portfolios, bankruptcy investments, and land development loans — is tied to real estate collateral located throughout the United States.

Northlight Capital's website does not name its founders or key investment principals publicly. The firm's track record begins in 2011 with an advisory relationship to a family office vehicle called Northlight Trust I; the identity of the individual or team behind that initial mandate has not been disclosed on its corporate site.

Yes, as of the date its website was last reviewed, Northlight Capital is actively raising Northlight Fund IV. The firm describes it as a blind-pool commingled fund that will continue the strategy of investing in loan acquisitions, opportunistic investments, and bankruptcy assets.