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The firm is targeting more RIA and family office allocations to continue investment momentum.
The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.
Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.
Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.
The co-architect of the Toronto-based manager’s real estate credit platform, Andrea Balkan, is departing after 22 years with the firm.
The New York-based manager has raised $1.3 billion for C-PACE lending series over the past 12 months, backed by appetite from insurance companies.
The alternative management arm’s largest-ever fundraise arrives at a critical time for private credit and bank lenders in the real estate market.
The firm launched Andover Storage Lending this year in response to banks pulling back from their lending activity.
John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.
The private credit markets are changing rapidly. Here’s what to look for next.