URDANG Named Sub-Advisor For Two Capmark Funds

URDANG, the real estate investment subsidiary for BNY Mellon Asset Management, has created a new real estate debt strategy group by hiring eight team members from Capmark Investments LP, and has been named as a nondiscretionary sub-advisor to Capmark Investments LP for Capmark Structured Real Estate Partners LP and Capmark VII-CRE Ltd.

Capmark Structured Real Estate Partners and Capmark VII-CRE Ltd. were both formed in 2006 and were originally capitalized with $1.1 billion and $1 billion of institutional investor commitments, respectively.

"The formation of a new real estate debt strategy group within URDANG complements our focus on private-market and publicly listed equity investments in real estate," says E. Todd Briddell, chief investment officer and managing director of Urdang Capital Management Inc. "We see attractive opportunities for Urdang's clients to purchase and originate commercial mortgages and structured credit instruments."

SOURCE: URDANG

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