NDC co-founder launches institutional fund management group

Anthony Niosi has teamed up with Chicago private equity firm Roseworth Capital, led by former JMB executive Michael Herzberg, to create NRCP, which initially will target US multifamily as well as public real estate deals.

The co-founder of high-net-worth investment firm NDC Capital Partners, Anthony Niosi, has teamed up with private equity firm Roseworth Capital Partners to launch a new institutional platform.

Niosi/Roseworth Capital Partners (NRCP) initially will target US multifamily deals as it looks to raise institutional capital, with sources familiar with the matter telling PERE that the firm is expected to launch a discretionary, commingled fund in the near future.

Niosi declined to comment on possible fundraising, but he said NRCP would look to invest in public and private real estate opportunities, particularly in the multifamily sector, that were benefitting from growing demand, improving demographics and a lack of supply. “This is an opportune time to do this,” he said. NRCP is being advised by the investment bank Stephens.

In teaming up with Roseworth, Niosi finds himself once again investing alongside chairman and chief executive officer Michael Herzberg, a former JMB Realty executive vice president. Roseworth was a stakeholder in Greenstreet/Niosi Capital Partners, a private equity real estate platform Niosi launched in 1998.
 
Niosi previously was a founding executive of Citibank Private Bank’s real estate private equity business, which developed a co-investment platform for domestic and international high-net-worth individuals to invest in US and UK real estate, and a managing director of Merrill Lynch’s income realty fund series.

Niosi will remain a partner of Niosi Doshi Cather Capital Partners, which he founded in 2004 with Todd Cather and Nitin Doshi to invest high-net-worth capital on a deal-by-deal basis with operating partners.