MIAMI — Park Capital Group will invest $1 billion in business and real estate developments over the next year.
The Miami-based private equity firm hopes other financial firms will follow in its footsteps and offer a slumping economy a ‘shot in the arm.’
“This country was built by entrepreneurs and our banks have all but turned their backs on these same people in their time of need,” says Matthew Kleinsmith, chief executive officer of Park Capital Group.
The firm will close on $200 million in North American projects in September alone, and is currently looking for projects both domestically and internationally, specifically, startups, recapitalization, commercial real estate and humanitarian programs.
“Our goal is to form partnerships where both parties benefit,” Kleinsmith says. “We want to build long-lasting relationships with our clients. Another important goal for us is to build our philanthropic work. We are pledging 10 percent of yearly profits to charities across the U.S.”
With a focus on its equity-leveraging and asset-based lending program, the company aims to grow their funding base and build overseas relationships.
“Park Capital was founded on integrity, honesty and fairness,” Kleinsmith continued. “That is the basis of every project we undertake, and it guides us on a daily basis, both in our business and our philanthropic lives.”