WESTPORT, Conn.--(BUSINESS WIRE)--Allura Capital LLC (“Allura”), which provides venture and growth capital to early-stage companies, has announced the formation of a partnership with Targeted Real Estate Equities LLC (“Targeted”) and Holly Pond Capital LLC (“Holly Pond”) to provide attractive real estate investment opportunities to high-net-worth individuals (“HNWI”).
The new entity, The Valorem Group LLC (“Valorem”), will sponsor a series of private equity real estate funds targeted to accredited individual investors seeking to diversify their investment portfolios by adding real estate as an asset class.
“It is very clear that the options for individual investors in the HNWI category are narrow when compared to institutional investors like pension funds and endowments,” said Daniel J. Steinberg, Managing Director at Targeted. He continued, “We plan on offering HNWI investors first class management of quality real estate assets comparable to what the large Wall Street investment firms provide institutional investors.”
While real estate has emerged as an attractive alternative asset class to traditional stock and bond portfolios, HNWIs still have limited access to compelling investment opportunities in the space. “Real estate investing takes substantial capital and numerous professionals (each with a unique skill set) which have traditionally made it difficult for HNWIs to participate in a truly diversified portfolio with quality assets and institutional economics. The customary individual offerings are not properly diversified geographically, are single asset syndications, and/or carry high fees,” offered Brian Jarmain of Holly Pond Capital.
Marcum King, Managing Director at Allura, stated, “Real estate has always been an area we found compelling and sought to expand into. Teaming with Targeted and Holly Pond, we now have the infrastructure and experience we need to offer a first-class product to a market that has a clear gap in its offerings.” King added, “It is a great time to be launching our first real estate fund, as the current real estate market - which is in a period of flux - will provide ample opportunities to provide attractive, risk adjusted returns.”
Valorem has closed on its first transaction: a build-to-suit, 30,000 sf medical office building in Bristol, CT (a suburb of Hartford, the state’s capital). Valorem’s client is a Fortune 50 company that signed a long-term lease for the entirety of the space. Currently, Valorem is raising money for its first fund that has several attractive investment opportunities in its pipeline.
About Allura Capital LLC:
Allura Global LLC is a diversified holding company that has integrated complementary divisions to create full lifecycle management for its portfolio and partner companies. Allura Capital is the financial arm of Allura Global that brings numerous financing options to its clients and portfolio companies. Since inception, Allura Capital has raised over $380 million for its clients and portfolio companies.
About Targeted Real Estate Equities LLC:
Targeted Real Estate Equities LLC is a vertically integrated real estate advisory firm that undertakes property investment, development, asset management and investment banking activities on behalf of private clients, families, trusts, foundations, and other private investment groups. Its principals have over 90 years of experience in all facets of the real estate space and have held leading roles in the acquisition, development, and management of over $3.5 billion of real estate assets.
About Holly Pond Capital LLC:
Holly Pond Capital LLC is a Connecticut based investment advisory firm founded by seasoned Wall Street executives for the acquisition and management of real estate assets.Holly Pond’s senior partner has over twenty-five years of investment experience in real estate, distressed credit, and other alternative asset classes.
