December 2, 2023

Strategic Investment Fund Partners (SIF), a private sector source of gap financing for catalytic real estate projects in Southwestern Pennsylvania, has completed a first close at $34.1 million in a private offering from its existing investors — and announced a new strategic focus and manager for the fund.

Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) will manage the fund, identify projects, perform underwriting, recommend investments to the SIF board and provide…

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