Alpaca Real Estate (ARE), an alternative investment management firm, announced the closing of a $50 million credit facility with Stifel Bank. This financing marks another milestone in the firm’s growth, reflecting both the significant progress made in advancing its opportunistic investment strategy and the growing confidence that leading institutions have in its ability to deliver strong results.
Along with the Stifel Bank credit facility, GCM Grosvenor, a global leader in alternative investments, provided anchor capital to Alpaca Real Estate, made on behalf of several major investors in conjunction with ARE’s launch in late 2023.
KEY QUOTES:
“Real estate private equity has generally navigated a particularly challenging financing and capital-raising environment, so achieving this milestone just over a year after our launch is a major accomplishment. It speaks to the strength of our team, the resilience of our platform, and the robust investment opportunity set. ARE remains focused on being a liquidity provider at reset valuations in the tailwind sectors of residential and industrial real estate. This facility with Stifel positions us well to manage our business at an institutional level, while continuing to capitalize on attractive opportunistic investments.”
– Peter Weiss, Managing Partner of ARE
“We’re excited to support Alpaca Real Estate with their fund banking needs. We look forward to witnessing ARE’s growth as Peter and Daniel leverage their deep real estate and fund management expertise, alongside the institutional support from GCM Grosvenor and synergies with the broader Alpaca platform.”
– Brad Ellis, Managing Director of Stifel Bank
