Anna-Marie Beal

The loan is one of the largest ever originated by the New York-based real estate private equity and credit manager.

The firm raises $850m in discretionary commitments, with $465m in co-investment capital. 

The firms aim to fund $1bn of loans over the next two years through the strategy.

The transaction includes a $140m bridge loan and a $4m working capital line.

Sovereign Partners is set to buy 575 Fifth Avenue for around $400m.

The dominant theme of the first quarter of 2026 was the dramatic increase in interest rate volatility, market participants told PERE Credit. 

More seasoned executives are launching their own platforms and a greater proportion are women.  

After strong performance in 2025, the asset class is poised for another potentially strong year, a new report highlights. 

Senior commercial real estate professionals are leaving established investment managers to launch their own firms. But the path is not always straightforward.

PERE Credit has tracked $2.2bn of New York office to residential loans in the first quarter of 2026.