Let’s Stay Together: Growth capital and secondary investing

About this episode

The episode discusses how secondary investments and recapitalizations provide opportunities in uncertain markets, featuring insights from Brookfield's Chris Reilly and CBRE's Matt White.

Secondary investments and recapitalizations help investors find opportunity in uncertain markets. Brookfield’s Chris Reilly and CBRE's Matt White break down what returns to expect, why disciplined leverage matters and how strong operators are winning right now. ·       Secondary investing lets investors buy into real estate deals midstream, with the benefit of first seeing real performance data. ·       Recapitalizations are increasing as billions of real estate debt is coming due and owners need fresh capital. ·       Keeping debt levels around 60% or less helps investors weather market downturns. ·       Brookfield targets 12%–14% net returns in its value-add funds. ·       Hands-on operating expertise matters more than financial engineering.

People in this episode

Guests: Chris Reilly, Matt White

Topics covered

• secondary investments
• recapitalizations
• real estate
• market downturns
• investment returns

Keywords

• secondary investing
• recapitalizations
• real estate debt
• market downturns
• net returns

Mentioned in this episode

Organizations: Brookfield, CBRE

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