Capri Capital Advisors acquired Trilogy Capital Advisors, a real estate securities hedge fund manager, said Quintin E. Primo II, chairman and CEO of Capri Capital. Trilogy Capital, which has $100 million under management in long-short strategies, will be renamed Capri Real Estate Securities. Capri will introduce an active long-only real estate securities hedge fund that will track the NAREIT Composite index, Mr. Primo said. Capri expects to launch the commingled fund vehicle in the next 90 days.
"By offering our client base a more liquid product, it will not only expand our existing client base, but attract new clients," he said.
Tom Dreyer, founder and CIO of Trilogy Capital, will be president and CEO of Capri Real Estate Securities. Mr. Primo will serve as chairman.
Capri Capital now has a combined $2.5 billion in assets under management.