debt funds

The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.

The London-based investment management company is seeking a cornerstone investor for its US-focused lending venture with Quadrant Real Estate.  

The pair of long-serving real estate pros arrive at a time where Criterion is ‘positioned for prolific growth,’ per founder Chuck Rosenzweig.

The partners see potential to originate loans on high-quality office properties around the US. 

The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.

The Charlotte-based manager has expanded his focus from US to global client portfolio management.

The manager could allocate up to approximately 25% of its sixth opportunistic fund toward real estate opportunities.

CPP Investments was second, with $1.24bn allocated.

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.