Alpaca Debuts Private Equity Real Estate

blockchain.news:

According to a press release on September 29, 2023, the alternative investments management company Alpaca of New York presented its Alpaca Real Estate (ARE) private equity real estate platform to the public for the first time. The platform's first foray into the real estate market was co-founded by industry veterans Daniel Carr (ex-Ares Management) and Peter Weiss (ex-Prospect Ridge), and it receives significant backing from funds provided by GCM Grosvenor, the global alternative investments leader.

Through its venture capital and real estate investments, Alpaca has been at the forefront of the movement to combine the digital and physical realms ever since the company's founding in 2012. On the other hand, GCM Grosvenor has been a leader in the field of global alternative asset management for more than half a century and is currently responsible for the management of approximately $76 billion worth of assets.

Carr and Weiss are in charge of directing the initiative, and substantial anchor capital is being provided by GCM Grosvenor. This demonstrates a solid financial foundation as the company moves into the real estate industry. The two have over ten years of experience between them in real estate investment, which was further honed during their time spent working for other reputable companies before they co-founded ARE.

The objective of ARE is to capitalize on the dislocations that are currently present in the market by placing an emphasis on investments that require recapitalization, repositioning, strategic capital, or physical transformation. This will create a compelling value proposition for institutional investors, which is especially important during periods when asset values are being reset. The platform