(MT Newswires) -- Bennett Goodman and Avi Kalichstein, heads of Hunter Point Capital, announce that they have raised over $3.3bn, surpassing their target of $800m. This success comes at a time when fundraising is proving more difficult on Wall Street.
Their strategy emphasises the importance of choosing companies that stand out for their uniqueness, strong corporate culture and ability to meet the needs of limited partners. Against a backdrop of high interest rates, Goodman, who has significant experience of setting up businesses, points out that the market has become more competitive.
During the interview, they discuss the real estate sector, mentioning their investment in Pretium, a $50 billion manager and the largest owner of single-family home rentals in the United States. This is a strategic choice of investment, given the housing shortage, estimated at between four and seven million, which is creating favourable conditions for Pretium.
As for private credit, a fast-growing area, Goodman and Kalichstein acknowledge the presence of many players but remain optimistic about the value opportunities in this space. They see Hunter Point Capital's future as a transition from a firm focused on GP equity investments (General Partners) to one offering total solutions to GPs, including lending to GPs as a complement to their core business.
