Key Takeaways
- • Tradex Global Advisors, a privately held Greenwich, Connecticut-based hedge fund, has acquired JCL Capital Partners and launched Tradex Realty Partners, a real estate finance company.
- • Tradex Realty Partners will originate and/or acquire senior loans collateralised by institutional-quality real estate in well-located, supply-constrained markets.
- • John C. Lettera, founder of JCL Capital Partners, has joined Tradex Global Advisors as a Partner, bringing more than 25 years of real estate debt origination and acquisition experience.
- • Tradex Global Advisors reports it has made more than 500 hedge fund allocations, operates direct hedge fund strategies, and has managed close to USD3 billion.
Summary
Tradex Global Advisors, a privately held hedge fund based in Greenwich, Connecticut, has acquired JCL Capital Partners and launched Tradex Realty Partners, a real estate finance company, according to Hedgeweek. Tradex Realty Partners will originate and/or acquire senior loans collateralised by institutional-quality real estate in well-located, supply-constrained markets.
Alongside the acquisition, Tradex Global Advisors has added John C. Lettera as a Partner. Lettera brings more than 19 years of legal experience and over 25 years of experience in real estate debt origination and acquisition, as well as equity investing. He has extensive experience structuring complex real estate debt transactions and founded and managed JCL Capital Partners, which the firm describes as a preeminent real estate debt platform. Lettera has received recognition from Pace University School of Law, which named him the recipient of its Leadership Award, and the American Bar Association's Professor Roundtable. He also served in the US Marine Corps.
Michael Beattie, Managing Partner of Tradex Global Advisors, said Lettera "will play a major role in our aggressive growth development." The firm describes itself as having made more than 500 hedge fund allocations as well as operating direct hedge fund strategies, and says it has managed close to USD3 billion. The announcement does not disclose the acquisition price or the terms of the transaction.
Alongside the acquisition, Tradex Global Advisors has added John C. Lettera as a Partner. Lettera brings more than 19 years of legal experience and over 25 years of experience in real estate debt origination and acquisition, as well as equity investing. He has extensive experience structuring complex real estate debt transactions and founded and managed JCL Capital Partners, which the firm describes as a preeminent real estate debt platform. Lettera has received recognition from Pace University School of Law, which named him the recipient of its Leadership Award, and the American Bar Association's Professor Roundtable. He also served in the US Marine Corps.
Michael Beattie, Managing Partner of Tradex Global Advisors, said Lettera "will play a major role in our aggressive growth development." The firm describes itself as having made more than 500 hedge fund allocations as well as operating direct hedge fund strategies, and says it has managed close to USD3 billion. The announcement does not disclose the acquisition price or the terms of the transaction.
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