Overview
FCP is a Delaware limited liability company that has been in business since 2003. It serves as
investment adviser to investment funds that may be organized as investment limited partnerships
or limited liability companies. FCP may also serve as the general partner or managing member of
the funds (or managing member of the general partner of those funds). FCP’s manager and
controlling owner is Ronald E. Silva. Mr. Silva, Timothy C. Getz, Michael O. Reinardy, Dustin
Frazier, and Anthony J. Varone are the members of FCP’s Investment Committee. As of
December 31, 2023, FCP had total non-discretionary regulatory assets under management of
approximately $1.4 billion.
FCP invests principally, but not solely, in real estate related debt and equity assets, including, real
estate operating
companies, mortgage loans, mezzanine loans, real estate and preferred equity, but
is authorized to enter into any type of investment transaction that it deems appropriate under the
terms of the client’s partnership agreement.
The investors in the non-discretionary funds that FCP manages have the right to approve each
investment made by the fund. Investors in discretionary funds that FCP manages have no
opportunity to select or evaluate any fund investments. FCP does not tailor its non-discretionary
advisory services to the individual needs of its clients, but rather identifies fund investments that
it believes may be of interest to one of more of its actual or potential clients and then assists them
with their analysis of such investments. The ultimate investment decision is left to each client
individually.