Kong Capital, an Austin, TX-based real estate private equity firm, raised $4m.
The investor group includes real estate entrepreneurs as well as private equity and venture capital managers.
Led by CEO Coe Schlicher and Principal Kate Ford, the firm will focus exclusively on investments in the Senior Housing sector leveraging the experience of the team across a range of industries, from healthcare to technology.
Kong Capital is currently raising capital to fund several direct deals specifically in Independent Living, Assisted Living, and Memory Care facilities. The team will subsequently begin fundraising for a $200 million discretionary fund in the third quarter of 2020.