Cadre and Goldman Sachs team up for U.S. real estate investments.
Global Banking News-January 11, 2018--Cadre and Goldman Sachs team up for U.S. real estate investments
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Global Banking News - 11 January 2018
Cadre, an online investment platform providing access and insight into institutionally sourced alternative assets, has said that it has entered into a strategic partnership with Goldman Sachs (NYSE: GS), which enables Goldman's clients to invest in a broad-based portfolio of U.S. income producing commercial real estate assets.
As part of the partnership, Cadre has closed on USD250m of commitments from Goldman's private wealth clients. The investments will be identified by Cadre's experienced team through its data-driven investment process.
'In today's economic environment, investors need to be able to access an array of opportunities, including alternative investments, to enhance and differentiate their portfolios,' said Ryan Williams, CEO and co-founder of Cadre. 'Our goal at Cadre is to drive progress in real estate investing by improving the quality of participation and our partnership with Goldman Sachs is an important step in delivering on this mission. We are excited to be working together, and to provide Goldman's clients with access to our platform and investments.'
'Our goal is to ensure we provide our clients with innovative and diverse investment opportunities to help them drive returns and protect capital,' said Eric Lane, global co-head of the Investment Management Division of Goldman Sachs. 'Our ongoing partnership with Cadre underscores this commitment.'
A technology-enabled real estate investment platform, Cadre provides qualified individuals and institutions access to fully vetted commercial real estate opportunities.
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