Anna-Marie Beal
The Los Angeles-based firm is targeting $100m for the fund by the end of 2026.
The manager-developer partnership is targeting $200 million in preferred equity and mezzanine investments across multifamily and industrial sectors
Driftwood Capital has completed a roughly $400m recapitalization of a US hotel portfolio via Wells Fargo Bank and ACORE Capital.
A March report from Zillow said there was a roughly 4.5-million-unit housing shortage in the US at the start of 2025.
The firm’s second real estate private credit fund is targeting $515m.
Berkshire Residential notched the largest capital raise for the first two months of the year, with $1.9bn for Berkshire Bridge Loan Investors III.
Ventura County Employees Retirement Association also made a $75m allocation to multi-sector focused debt strategy VWH Master Fund IV during the period.
Scott Graves, a former senior executive at Oaktree Capital and Ares Management, rolled out the firm last month.
The $12.9bn pension fund allocated the capital to the New York-based manager's BIG Real Estate Fund III.
Parkview dives into the ripple effects for regional bank lenders two years on from the failures of Signature, Silicon Valley and First Republic banks.