Randy Plavajka
The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.
Both the Abu Dhabi wealth fund and Barings' parent MassMutual will contribute capital to a venture focused on US, Europe and Asia-Pacific debt opportunities.
The mega-manager's global co-head of real estate is leaving after 15 years, placing Nadeem Meghji into sole leadership of its $320 billion property business.
Invesco’s real estate platform is reconfiguring its senior debt and equity ranks following the amicable departure.
The New York manager picked up large commitments from CalPERS and the UK's Border to Coast Partnership in addition to other public pensions.
Executives say retail and high-net-worth investor channels will bolster momentum for its real estate strategies this year.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
The Cleveland-based advisory and manager is looking to tap into private wealth channels following the close of the deal.
The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.
Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.