Chris Witkowsky

COLUMN: The Nareit index is among the several standards many real estate securities investors now use to benchmark the performance of their U.S. REIT securities portfolios. And the FTSE EPRA Nareit Global Real Estate Index, likewise, has become the standard that many real estate securities investors use to benchmark the performance of their European real estate securities portfolios.

2

I enjoyed this discussion with three very knowledgeable secondaries market experts about capitalisation, the future of the continuation fund and LP markets and how we get to a larger annual deal volume figure that starts with a "T". The latest episode in our Decade of Secondaries Investing podcast series

20

MY LATEST: A Q&A with the CEO of Castlelake. Asset-based lender Castlelake is selling a majority stake in itself to publicly traded Brookfield Asset Management, making it the latest private credit specialist to align itself with a larger global asset manager. The Minneapolis-based firm has agreed to sell a majority stake in itself to Brookfield, which is investing around $1.5 billion, both to acquire the management company stake and in commitments to Castlelake funds, according to Castlelake Chief Executive and Managing Partner Evan Carruthers. Established in 2005, Castlelake has invested or committed more than $39 billion since its founding, according to the firm. The firm’s aviation strategy, including aircraft leasing and aviation infrastructure, accounts for the largest percentage of those assets with a total of $20 billion invested in such deals since the firm’s inception. However, the firm also manages investments in real assets, including real estate and infrastructure debt, as well as special finance, including consumer credit and other forms of asset-backed lending. https://lnkd.in/gsAdpbVF

54

Great insights in this piece on the return of risk taking and market buzz in in the infrastructure sector.

5

Consumer specialist VMG Partners appears to be headed for its largest #privateequity fund yet after a few months in the market. The firm, which invests in mid-market branded consumer products and services companies, is expected to close Fund VI in the next several weeks, sources said. If closed as expected, VMG will be among a handful of firms that have managed fundraisings of only several months, at a time when many firms, even the most well-known, are taking longer than ever to reach targets. Get the target and other details on Buyouts: https://lnkd.in/gTn5yCaj

10

1 Comment

Competition is intensifying among credit-rating agencies for assignments to review securitizations of nontraditional assets, with Moody's Ratings, S&P Global and Fitch Ratings increasingly pursuing work in such sectors. And in some cases, they’re picking up work that otherwise might have gone to KBRA. An #analysis by Asset-Backed Alert has revealed several instances in which the Big Three rating firms have made their presences known in asset classes including #music royalties, whole-business cashflows and #solar-power equipment finance. Get the behind-the-scenes details plus other leading-edge news and authoritative statistics on worldwide securitization activities in this week’s Asset-Backed Alert, a Green Street News title. https://lnkd.in/euAbgSZb

11