New to the (Investment Management) Market

A New York-based real estate investment firm has launched a commercial real estate lending business that will originate loans on multifamily and commercial real estate nationwide.

Silverpeak Real Estate Partners, a firm started by veterans of defunct Lehman Bros., has formed a new business, Silverpeak Real Estate Finance.

Silverpeak, a private firm that says it manages more than $12 billion in real estate assets “on behalf of its clients through co-mingled funds and separate accounts” will by joined by a commitment from New York-based Elliott Management Corp.

A press release says the new finance arm “is a natural extension of Silverpeak's equity investment business and will allow the firm to provide real estate sponsors with solutions across the capital stack from first mortgages through equity.”  It will also have lenders in offices in Atlanta, Chicago, Los Angeles and Dallas.

Silverpeak says it has invested in more than 40 U.S. real estate deals in the past three years, valued at more than $2 billion.

The press release also says that Elliott has more than $22 billion in assets under management, with headquarters in New York and affiliated offices in London, Hong Kong and Tokyo. 

The press release can be found here.

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