Anna-Marie Beal
The pension fund’s plans involve committing to several debt and equity managers, and appointing a new investment consultant.
Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities.
Benefit Street Partners, ORIX USA and Harbor Group International share their outlook for interest rates, borrower headwinds and mortgage real estate investment trusts.
The borrower is an affiliate of Fort Partners, a developer based in Fort Lauderdale, Florida.
The firm raised approximately $1.2bn for CRED III, which is already over 40% deployed.
The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.
Managers are looking at the historically underallocated investor group as they seek to expand their platforms.
As banks are pulling back, debt funds are helping sponsors bridge the gap to the next cycle.
The bridge loan was secured by California resi developer AMCAL Equities.
The New York lender specializes in long-term credit tenant lease loans.