Palisades Mexico Partners has launched the Palisades Private Capital Fund I targeting foreign investors from Latin American countries. The fund is currently raising $50 million and plans to raise $100 million in commitments this year. The company is a joint venture between Palisades Capital Realty Advisors and Sergio Arguelles, president and CEO of the Mexican-based firm FINSA.

According to Joaquin de Monet, the founder and managing principal of Palisades Capital Realty Advisors, the fund aims to capitalize on the recent increase in liquidity in Mexico due to the formation of Mexican REIT FIBRA.