Arctos Partners, a private equity firm, has formed Arctos Keystone Real Assets to expand the firm’s capabilities into real estate and real assets.
The AK-RA team will be focused on “identifying and facilitating partnership opportunities with real estate and real asset owners, operators, developers and sponsors,” a March 27 news release said.
AK-RA will be a separate and distinct investment strategy from the existing Arctos Keystone strategy, the release added. AK-RA will operate under Arctos Keystone, which provides capital to alternative asset managers, Bloomberg reported.
This expansion into real estate and real assets is a “natural evolution of the Keystone strategy, reinforcing Arctos’ ability to serve as a long-term, value-added partner across private markets,” Arctos said in the release.
The AK-RA team is made up of four new hires, including Ira Shaw (partner), Gina Spiegel (partner), Greg Lombardi (managing director) and Robert DiGiovine (vice president), who in the aggregate have more than 85 years of experience investing in direct real estate, secondaries, structured solutions, general partner stakes equity, and preferred equity, the release said.
The four executives, who were formerly at Crow Holdings, will be based in Arctos’ soon-to-be-opened Boston office. Crow Holdings is a privately owned real estate investment and development firm based in Dallas. Crow Holdings could not be immediately reached for further details.
Arctos is well known for its Arctos sports unit, which invests in sports franchises, including ownership of stakes in the NFL's Buffalo Bills; MLB's Los Angeles Dodgers and Chicago Cubs; and NBA's Golden State Warriors.
Arctos had $11.4 billion in regulatory assets under management as of Sept. 30.
