Strategic Technology Assets II LLC, a private placement fund sponsored by private equity firm Resolute Capital Partners, has invested $2 million in PLUM Lending, a San Francisco-based financial technology and commercial real estate lending company.
Strategic Technology Assets II invests in early-stage technology companies within the healthcare, financial services, and regulatory sectors.
PLUM Lending is a full service commercial real estate lender that specializes in the capitalization of middle-market commercial real estate properties with a focus on secondary markets.
“More often, companies are demanding an investment partner that can provide operational expertise and support in addition to capital investments,” said Thomas Powell, senior managing partner and founder of Resolute Capital Partners. “We are thrilled to make an investment in PLUM, as they seek to revolutionize the commercial lending market. As our world continues to evolve with events such as the COVID-19 pandemic, access to alternative forms of funding becomes increasingly important.”
Resolute Capital Partners has offices in San Francisco, Dallas and Minneapolis, and since its founding in 2010, has raised more than $230 million in its various energy, technology, and real estate funds.