Real estate investment firm Urban Standard Capital and GCM Grosvenor have created a new partnership aimed at originating over $1bn (€881bn) in US loans, building on their existing relationship.
GCM Grosvenor, which made a $50m commitment to Urban Standard in 2023, is expanding its investment to create the new $135m joint venture to help Urban Standard originate over $1bn in loans.
GCM Grosvenor said the investment is being made via its vehicles, without disclosing the names.
Peter Braffman, managing director at GCM Grosvenor, said: “Urban Standard Capital is uniquely positioned to capture the compelling flow of middle-market loan originations.
“As traditional lenders pull back due to regulatory pressures and balance sheet constraints, Urban Standard fills a critical gap, providing flexible, high-quality capital solutions to a loyal base of repeat borrowers and establishing itself as a leader in this niche.”
Seth Weissman, founder and managing Partner of Urban Standard Capital, said: “We are excited to expand our relationship with GCM Grosvenor as one of our valued capital partners.
“Middle-market real estate credit and structured equity can provide investors with a compelling opportunity to earn equity-like returns with a credit-level risk profile. It is a privilege to deploy capital in partnership with GCM Grosvenor and its investors.”
Charlie Brosens, partner at Urban Standard Capital, said: “GCM Grosvenor’s expanded partnership reinforces their confidence in our value proposition, investment approach, team and execution capabilities.
“Our extensive experience as real estate owners coupled with our ability to be nimble and provide creative and flexible financing solutions across the capital structure uniquely positions us as a go-to capital partner.”
Danielle Even, executive director at GCM Grosvenor, said: “We’ve worked with Seth and the Urban Standard Capital team for several years and are confident in the value they bring to the market.
“Their strong borrower relationships, access to off-market opportunities, and ability to structure complex transactions make them a highly capable partner in today’s lending environment.”
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