TLDR: East Chop Capital, a Black-owned private equity firm, has closed its second fund at $11 million to expand its luxury vacation rental portfolio in the US. The company plans to target the luxury spectrum and create custom-built homes for exceptional guest experiences. They express gratitude for their diverse investors and plan to focus on real estate development and angel investing to empower the Black community.
East Chop Capital, a leading Black-owned private equity firm in the vacation rental space, has successfully closed its second fund at $11 million. This new capital infusion will allow the company to expand its portfolio and target the luxury vacation rental market in the United States.
- East Chop Capital closes second fund at $11 million
- The company plans to expand its luxury vacation rental portfolio in the US
The company, known for its focus on building wealth within the Black community, expressed gratitude for the diverse group of investors who participated in the fund. They plan to scale further and move higher up into the luxury spectrum, with custom-built homes that will create amazing guest experiences.
Co-founder Calvin L. Butts, Jr. highlighted the company’s commitment to real estate development and fostering entrepreneurship. To empower the next generation of startups and businesses, East Chop Capital will focus on angel investing in addition to luxury vacation rentals.
With a growing presence in the private equity landscape, East Chop Capital is well-positioned to make a significant impact in the luxury vacation rental sector while fostering financial empowerment within the Black community through various investment strategies.
