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Goldman Sachs’ newly originated loan on the retail component of 680 Madison Avenue in New York demonstrates the changing opportunity set for the sector.
The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.
The firm sees the need to educate its investor base about the opportunities in real estate debt.
The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.
Robert Neighoff, a portfolio manager at Mariner Investment Group, is tracking opportunity in new issue conduit and SASB paper.
The New York-based manager aims to tap into credit opportunities arising outside of the US.
The data-driven manager deployed the capital via its Origin Strategic Credit Fund.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.
At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.