Pretium (a specialized investment firm with over $50 billion in assets under management) announced a strategic partnership with Hunter Point Capital (HPC). And this partnership, which includes a minority investment from HPC, aims to support the long-term growth of Pretium’s existing strategies – residential real estate and corporate and structured credit – and enable the firm to expand into adjacent areas to create additional value for its clients, residents, and employees.
Since being founded in 2012, Pretium has built one of the most comprehensive residential and credit ecosystems in asset management. Pretium is now one of the largest investors in non-agency residential mortgage loans, one of the largest residential business purpose lenders, one of the largest investors in creating new homes, and the largest owner-operator of single-family homes in the United States.
KEY QUOTES:
“This milestone is a testament to the accomplishments of our 4,400-plus person team and the many opportunities that lie ahead for our firm. Avi and Bennett have built a differentiated model of partnership and share Pretium’s passion for building businesses. We look forward to drawing upon HPC’s strategic expertise, value-added operational capabilities, and global network to propel Pretium’s development into our second decade.”
– Don Mullen, Founder and CEO of Pretium
“Pretium’s strategic focus and execution have accelerated its growth into a multi-strategy firm with a national presence and an expanding opportunity set. We look forward to supporting the talented team at Pretium as the firm builds on its success and expands its platform. Under Don’s leadership and with the recent addition of Jon Pruzan as President, Pretium is at an exciting inflection point.”
– Avi Kalichstein, CEO and Co-Founder of HPC
“During a time of significant growth and consolidation in the alternative asset management industry, HPC’s investment advances many of our top growth initiatives and strengthens our ability to capitalize on the compelling opportunities we see in the residential and credit markets. The persistent undersupply of homes coupled with the disruption in the banking landscape will offer significant investment potential for the foreseeable future.”
– Jonathan Pruzan, President of Pretium
