People

Smith Hill brings on Stein to expand debt platform

The Procaccianti Companies affiliate adds a two-decade veteran of Torchlight Investors, Brookfield and Credit Suisse to its lending team.

Qualitas’s Schwartz: European expansion could rival Australian arm

Andrew Schwartz, the Melbourne-based manager’s co-founder, says Europe’s lending market offers significant scope for growth.

LACERA’s real estate head departs after two years

Terri Herubin was charged with overseeing a major restructuring of the California pension plan’s property portfolio.

Europe’s credit professionals seek employers with dry powder

Compensation improved moderately in 2025, data shows. But industry professionals are now looking for jobs in which they can close deals amid uncertainty.

Kayne Anderson’s Rabil: ‘You either adjust or you die’

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

Term Sheet: PERE Credit 100’s breakfast briefing; Qualitas’s European expansion; Warsh’s Fed debut

Senior real estate credit executives anticipate better fundraising roads ahead at a launch event for the global PERE Credit 100 ranking; Qualitas has lending sights set toward Europe following the acquisition of Starz Real Estate; Federal Reserve chair Kevin Warsh delivers a recurring chorus of interest rate holds at his debut conference; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Owner of Belgium’s Finance Tower sues CBRE Loan Services, Patron issues its first loans, Stoneweg appoints head of credit in real estate debt push

Owner of Belgium’s Finance Tower sues CBRE Loan Services over a valuation dispute with lenders to the office building; Patron Capital Partners makes its first direct loans; Stoneweg appoints head of credit and the firm outlines plans to deploy €500 million of real estate debt; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Starwood’s $1.72bn recap; ACORE and Mavik’s blend; KKR’s global lending leadership

Starwood Capital has scored a critical agency refinancing line with $1.7bn of capital set to back a 12,955-unit affordable and workforce housing portfolio; ACORE Capital and Mavik Capital are blending senior debt and preferred equity to complete and lease-up a multifamily project in Washington; KKR has globalized its lending operations with the promotion of Joel Traut to oversee the firm’s full platform; and more in today’s Term Sheet, exclusively for our valued subscribers.

North Bridge hires ex-Wells Fargo executive to scale C-PACE platform

Kelly Souza will lead West Coast originations as well as lender partnerships to fuel the New York-based manager’s next growth phase.

Fidelity Bancorp brings on former Marcus & Millichap exec to spearhead growth

Prior to joining Fidelity, Hughes headed Marcus & Millichap’s capital and launched and ran its debt platform.