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The fund has seeded a just-launched private debt strategy from an industry veteran.
When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.
The financing, which comprises a construction loan and C-PACE financing, will be used to develop the second phase of a mixed-use project in Darien, Connecticut. 
Hand choosing mini wood house model from model and row of coin money on wood table, selective focus, Planning to buy property. Choose what's the best. A symbol for construction ,ecology, loan concepts
The supply-demand fundamentals in the sector have also meant more attention from institutional investors. 
Chief financial officer Chris Condelles said the investment demonstrates how periods of dislocation often present opportunity. 
Amit Rustgi, who joins from PIMCO, will focus on credit opportunities across sectors.
Goldman acted as the sole book runner for the loan, which is backed by a luxury hotel property. 
The Canadian developer received financing for its properties across Chicago and Los Angeles. 
The regional bank doubled down on an entirely affordable housing project through the private-public partnership.
Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.
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