Filed under: Raising money, Engagements, Private equity industry, Investments, Public or private?

Capital Trust, Inc. (NYSE: CT) has formed a new fund to invest in invest in “high grade” commercial real estate debt. This will include investment grade securities such as CMBS, REIT debt, and CDOs, as well as whole loans and participations therein.

CT High Grade Partners II, LLC with $667 million of commitments from two institutional investors.

This fund will be managed by CT Investment Management Co., LLC, Capital Trust’s wholly-owned investment management subsidiary.

This is actually a limited time vehicle as well. CT High Grade Partners II has a one year investment period subject to extension by mutual agreement. Investments will be funded 100% with the investors’ capital utilizing no leverage and CTIMCO will earn a management fee equal to 0.40% per annum on invested assets.

Jon C. Ogg

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Filed under: Web services, Social Software, Search, web 2.0

Wikipedia founder Jimmy Wales has relaunched Wikia Search. And this time, the site actually might be worth using.

When Wales announced that he was working on a human powered search engine to compliment his human powered encyclopedia, we were skeptical but curious. When the public alpha launched earlier this year, we were disappointed. Up until this week, Wikia Search was basically just like any other search engine. A personal scanned the internet for pages and decided which were the closest match to your search query. The only thing setting Wikia Search apart was the capability to create user profiles.

Now Wikia Search has added a slew of editing tools that could actually help improve (or utterly screw up) search results. Here’s how it works. Wikia Search has a computer-created index of about 30 million sites. But you can edit any page. For example, when we searched for “download squad” this site came up as the second listing. We gave it a five star rating which moved it to the top of the page. And then for good measure, we hit the edit button and wrote a new site description. You can do this for any site. you can also add comments, annotations, or “spotlights,” which highlights the entire entry so that it looks a bit like a sponsored result you would get from Google.

[via WebWare]

Continue reading Wikia Search human powered search engine becomes useful

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