Programmatic JV Equity for Indianapolis-based Onyx+East

May 18

Whelan Advisory served as the exclusive financial advisor to Onyx+East in its programmatic JV equity capital raise with IHP Capital Partners, designed to fund Onyx+East’s next phase of growth. Onyx+East is a vertically integrated homebuilder and land developer based in Indianapolis, IN with operations across the Midwest and Florida. IHP Capital Partners is one of the nation's leading residential real estate investment firms, with an extensive track record partnering with the industry’s most notable homebuilders and developers.

This transaction further strengthens Whelan Advisory’s extensive track record in the residential real estate sector. Our team has advised on 48 successful transactions since 2018, totaling $15.0 billion across M&A, debt, and equity.

“Whelan Advisory connected us with IHP Capital Partners and played a meaningful role in bringing Trillium to life. Their relationships, expertise and understanding of what we’re building at Onyx+East made a real difference in finding the right capital partner. We’re grateful for our relationship with their entire team and look forward to working with them again.”

— Kelli Lawrence, Chief Executive Officer, Onyx+East

“It was our pleasure to advise the Onyx+East team on this transaction. As a leading private homebuilder and land developer with a growing presence across the Midwest and Florida, Onyx+East has built a differentiated platform that generated significant interest from institutional capital providers. IHP Capital Partners proved to be the ideal strategic partner, bringing capital, industry expertise, and a long-term approach that positions the platform for continued success. We look forward to watching this relationship grow and thrive.”

— Margaret Whelan, Founder & CEO, Whelan Advisory

Transaction led by: