11 | 07 | 2012
TerraCap Fund Lines Up Capital
The fund focuses on Florida, where TerraCap founder Steve Hagenbuckle has 15 years of experience. It will also look at investments across the South, as far west as Texas. Hagenbuckle is telling investors that he plans to capitalize on banking-industry relationships he developed as an early backer and former board member of Landmark Bank of Fort Lauderdale, Fla., and an online affiliate, Giantbank.com. TerraCap was co-founded by Hagenbuckle and Michael Davis in 2008. Last year, the firm hired Cantor Fitzgerald and Morgan Stanley alumnus Bob Gray to help with fund raising and other duties.