capital formation

The firm recently formed a programmatic joint venture with Ivanhoé Cambridge for middle market preferred equity deals.

While the New York-based investment manager has been able to deploy its funds rapidly, other groups have not found the opportunity set they expected.

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

The Salt Lake City-based firm’s fundraising for its Multifamily IV and Debt Strategies III vehicles, contributed to a strong year for capital commitments.