Today marks a major milestone for Alpaca.
We planted the seed by publishing our thought leadership on the topic, hosting webinars such as The Great PropCo Opportunity, and educating founders and real asset allocators on how to bridge the gap and facilitate connections. And of course, this year Alpaca launched the inaugural 30/30 PropCo Summit.
Today we are proud to announce the official launch of Alpaca Real Estate. I am beyond excited to share that Dan Carr and Peter Weiss have joined Alpaca to co-found and lead this new platform. I also want to extend our thanks to GCM Grosvenor and their group of investors for their continued support and anchor capital to the business. We are also grateful for PERE’s exclusive coverage of this news.
Alpaca Real Estate will seek to make attractive investments in two distinct ways:
Direct Investing
Investing directly in real estate assets that are intended to benefit from the team’s underwriting and structuring experience.
We will be targeting a few strategies, including the ability to reposition and recapitalize properties, provide deploying capital to the right size property investment structures, bifurcating platforms into OpCos/PropCos, and/or developing in supply-constrained markets. We also believe that partnering with forward-thinking allocators to capitalize on real estate investments will be our advantage.
Technology and Operating Overlays
Leveraging technology and/or operating overlays to enhance efficiencies with the goal of generating additional alpha across our real estate holdings.
The team created “Landlord Overlay Stacks” for major property sectors which will showcase the initial list of opportunities we plan to incorporate into each investment’s strategic business plans.
What’s Next
Our dedicated focus on the creation of real value at the intersection of the physical and digital worlds through investments in real estate and 10+ years of PropTech investing has come to fruition.
It has been an exciting journey to get here, though the journey has only just begun. If you are an organization looking for joint venture partnerships, platform capital, or a collaborative technology-forward allocator, please don’t hesitate to reach out to Dan Carr or Peter Weiss.
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Disclaimer:
Alpaca VC Investment Management LLC (“Alpaca”) is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Alpaca Real Estate Management LLC is a relying adviser of Alpaca. Alpaca solely advises private funds and such fund interests have not been registered under the U.S. Securities Act of 1933, as amended, or under any applicable state or foreign securities laws, nor have such interests been approved or disapproved by the SEC or the securities regulatory authority of any state or foreign jurisdiction. Statements contained herein do not constitute an offer to sell or a solicitation of interest to purchase any securities or investment advisory services in any state or in any other jurisdiction in which such offer or solicitation is not authorized.
Disclaimer: Alpaca VC Investment Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission. Information presented is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities. Alpaca VC’s website and its associated links offer news, commentary, and generalized research, not personalized investment advice. Nothing on this website should be interpreted to state or imply that past performance is an indication of future performance. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a tax professional before implementing any investment strategy. Past performance is not indicative of future results. Statements may include statements made by Alpaca VC portfolio company executives. The portfolio company executive has not received compensation for the above statement and this statement is solely his opinion and representative of his experience with Alpaca VC. Other portfolio company executives may not necessarily share the same view. An executive in an Alpaca VC portfolio company may have an incentive to make a statement that portrays Alpaca VC in a positive light as a result of the executive’s ongoing relationship with Alpaca VC and any influence that Alpaca VC may have or had over the governance of the portfolio company and the compensation of its executives. It should not be assumed that Alpaca VC’s investment in the referenced portfolio company has been or will ultimately be profitable.
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