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Capital formation
The real estate credit lending arm of Naftali Group will target $1bn in capital commitments following a $302m raise for its prior installment.
The new hire will replace Randy Hoffman, who left last year after two decades at the real estate arm of Canadian pension plan OMERS.
As construction financing demand returns, real estate private credit managers are picking their niches by location and type of project.
Chatham Financial’s acquisition of Hodes Weill reflects how the placement agent’s role in private real estate continues to evolve.
One of private real estate’s best-known capital advisory firms has mutliple key objectives in becoming part of the capital markets adviser.
Capital raised for North American-focused real estate debt funds doubled year-on-year, according to quarterly data from PERE Credit.
The specialist firm will funnel capital from Ares Alternative Credit funds toward $40m-$50m loans with an average LTV of about 35%.
The partners plan to deploy over the next three years across the New York Tri-State area with a focus on residential and hospitality opportunities.
More seasoned executives are launching their own platforms and a greater proportion are women.
Mike Droege and Jeff Kert outline the firm’s plan to invest in more than $10bn of newly originated, performing US non-agency mortgage loans.