Current Yield with Participation Fund (CYwP Fund) and Managing Partner Ethan Assal have announced the close of CYwP Fund VI at $38.25 million, along with CYwP Private Debt I, which raised $22.4 million.
“I’m very excited that the momentum we’ve built with CYwP over the last several years continues with the close of CYwP Fund VI, and that we’ve been able to provide this investment opportunity to more than 170 high-net-worth investors and family offices during an otherwise difficult economic climate,” said Assal. “We appreciate the trust our Funds’ investors have placed in us, many of whom are invested in multiple CYwP Funds.”
Assal formed CYwP Funds I, II, III, IV, V and VI to provide growth capital through debt and equity investments in operating companies and high-yield real estate opportunities based in the continental United States. CYwP Funds seek diverse investments that not only provide quarterly distributions of interest or cash flow but also have the potential for significant capital appreciation.
CYwP Fund VI has already made investments in the development of townhomes in New Hampshire, a recycling company in New Jersey, multifamily developments in Tennessee, a holiday novelty company, a hotel to multifamily conversion developer, a mining company in New Mexico, a specialty distributor, a telecom company, and two business services firms. Information on investments can be found at https://cywpfund.com/portfolio-assets/.
Assal has been investing for many years, in addition to his entrepreneurial endeavors. He is founder and chairman of Verasolve, a PR, marketing and branding firm, as well as the founder of The Moxie Award, which celebrates boldness in business among organizations in the DC area. He was founder, chairman and CEO of Multi-Media Holdings, Inc. prior to that, at which he grew capitalized billings to $400 million and managed a staff of 600 employees, before it was sold in 2000. He began his career during college, founding Personalities, Inc., which became the largest manufacturer and distributor of non-apparel licensed rock n’ roll merchandise, before selling the business in 1986 at the age of 25. More information on CYwP Fund and Ethan Assal can be found at www.cywpfund.com.
