September 28, 2023
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:
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.
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.
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.
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Alpaca VC Investment Management LLC is a U.S. Securities and Exchange Commission-registered investment adviser. Alpaca VC Investment Management LLC is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.