Randy Plavajka
Mike Droege and Jeff Kert outline the firm’s plan to invest in more than $10bn of newly originated, performing US non-agency mortgage loans.
Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.
The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.
Debt managers have identified a niche in last-mile multifamily bridge loans.
The firm reached its hard-cap for BSP Real Estate Opportunistic Debt Fund II with 29 months of time logged fundraising on the road.
The Abu Dhabi sovereign investor and MassMutual will be channeling capital through the Charlotte-based manager for US, Europe and Asia-Pacific credit opportunities.
The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.
The New York-based manager is aiming for growth – and the real estate credit capabilities of Oaktree are critical to that initiative.
Why the ability to deploy capital quickly is becoming key to a manager's ability to tee up their next fund.
The fund falls short of its $1bn target; it will originate first mortgages backed by high-quality assets