The landscape is changing. The right relationships provide stability.
Paper City Investments uses a strategic network approach to solve capital advisory and development advisory challenges for Emerging Managers in real estate and alternative investments.
Who We Are
Below about ten million, a sponsor raises from people they already know. Above three hundred million, the placement agents arrive.
In between sits the sponsor with fifty to seventy-five million in realized transactions, a first institutional vehicle, and no one in the building who has ever run a raise.
That is the whole of our practice.
We’ve spent 20 years in commercial real estate and maintain direct relationships with thousands of developers, investors, brokers, and capital providers.
Our core clients are Real Estate Developers and Alternative Asset Management firms who are past the ‘friends-and-family’ stage and need reliable equity partners. Our capital bench is seeking exposure to specific markets/assets with Sponsors it supports through a full investment cycle.
We operate at the intersection of capital and strategy — helping emerging managers institutionalize, position, and successfully raise capital and complete projects in competitive markets.
What We Do - 4 Workstreams
We specialize in exact fits, not email blasts. Each client’s investment arch is unique. We reinforce this by thoroughly vetting both Sponsors and Investors to build long-term programmatic investment and multi-cycle professional relationships.
01 · Positioning & Narrative Surfacing the genuine edge and translating it into the language outside capital uses.
02 · Materials & Data Room Deck, model, track record, and diligence responses built to an institutional standard.
03 · Capital Universe Construction A qualified target set built from mandate fit, timing, and relationship depth — not a contact list.
04 · Process Management Sequencing, diligence coordination, and momentum management through to close.
Sponsor Qualifications
We align the sponsor’s technical expertise, sphere of influence and platform with LPs needs.
Emerging Managers: Private Credit, Real Estate and Alternative Asset Management
Total Equity Need: $15M - $25M
Realized Transactions: $50M - $75M
Fund 1: Closed or approaching first close
This filter allows for the brightest sponsors with the strength and internal structure to benefit from Institutional capital in their asset category. At this size these “Goldilocks Sponsors” are seasoned enough to have gone full cycle with an investor relationship while being nimble enough to find real investment opportunities that larger asset managers may have no choice but to overlook.
Client CoverageOne principal. There is no junior tier to delegate to. The person in the first conversation is the person in the last one.
Begin a conversation.
Advisory Services
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Development Advisory / GP + Co-GP
Successfully navigating a real estate development project requires a comprehensive approach that addresses financial, strategic, and operational considerations from initial analysis to team management.
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Strategic Capital Advisory
We help experienced alternative asset management sponsors structure and place equity with aligned institutional and private capital partners who return repeatedly.
We also advise on debt placement when strategically appropriate.
“Whatever vocation you decide on, track down the best people in the world at doing it and surround yourself with them.”
— SCOTT WEISS, AMERICAN BUSINESSMAN