debt funds

The financing will be used by Steiner NYC to buy out their equity partner JPMorgan Asset Management and capitalize the Hub.

The New York-based manager has steadily grown its East Coast lending book with development financing opportunities.

Hill previously worked in a similar role at Cohen & Steers and will focus on allocation opportunities for the Iowa-based manager.

CIO Steven Fischler says the firm is targeting a first close on April 1 as the firm bolsters its bridge and subordinate lending activity.

CalPERS backed the manager's latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.

The deal, which brings meaningful additional real estate credit capabilities, shows managers looking to scale are willing to go the extra buying mile.

The takeover of female-founded Artemis would amplify Barings' real estate debt and equity platforms further.

The funding will be used to refinance five Class A properties spanning Georgia, New Jersey, South Florida and Washington.

The firm will originate first mortgages backed by high-quality assets in major US and Western Europe markets.