Core

The global alternative credit manager made the hire to increase its commercial real estate credit business.

The firm lined up co-investment from a consortium of international partners for the credit facility.

As loans mature into a higher-rate, more disciplined lending market, First Growth co-founder and partner Cyril de Romance explains why lenders are increasingly choosing to sell distressed loans rather than negotiate a second extension.

John Richardson joins the firm from Arbor Realty Trust, where he filled a similar role.

The financing will be used to complete a $730m acquisition of a 30MW data center property.

The UK Prime Minister’s £10bn plan to fix the country’s housing shortage will create opportunities for debt providers.

The firm hopes to raise more than $1bn for the strategy by 2027.

The retirement association funded commitments to Hines-Rialto, Hudson Bay and TPG.

The firm has raised roughly $3bn for C-PACE funds since 2023.

A $536m loan on the property is in special servicing.