Markstone Capital Partners Fund has raised $800 million in investment capital, a spokesperson for the fledgling investment fund said Sunday.
The total is some $300m. more than than the fund originally intended to raise and included investors from both the US and Israel. The spokesperson said that the funding took approximately two years complete, but would not disclose who the main investors were.
The fund is run in Israel by its two managing directors and cofounders Ron Lubash and Amir Kess, and in the US by cofounder Elliot Broidy who serves as its chairman.
Until now, Markstone has raised approximately $700m. in funds earmarked for investments in Israel.
Its portfolio of investments include its acquisition of a controlling stake of phone directory company Golden Pages for NIS 500m. made in October 2004 as its first investment. Subsequent deals include its purchase of 40% of engineering company PRS Mediterranean for $100m. and 20% of textile company Nilit. It is currently in legal proceedings with Japanese seed producer Sakata for the purchase of Zeraim Gadera.
The company's advisory board includes United Mizrahi Bank CEO Ya'acov Perry, former finance minister Ya'acov Neeman, Teva Pharmaceuticals CEO Eli Hurvitz, Lehman Brothers vice-chairman Harvey Krueger, and Home Depot founder Kenneth Langone.