Latest news with #MacquarieAssetManagement
Business Wire
5 days ago
- Business
- Business Wire
Macquarie Asset Management Announces Launch of Summerland Storage Partners, a Self-Storage Platform
NEW YORK--(BUSINESS WIRE)--Today, Macquarie Asset Management ('MAM') announced the launch of Summerland Storage Partners, a self-storage platform with a strategy aimed at crafting a geographically diverse portfolio of self-storage assets, positioned strategically within key United States markets. The platform will be owned by a MAM-managed fund, alongside the management team. The management team is composed of former executives from Life Storage, a leading self-storage real estate investment trust and management company, including: David Dodman, Chief Executive Officer and Co-Founder Jonathan Attea, Chief Investment Officer and Co-Founder Michael Rogers, Chief Operating Officer and Co-Founder The management team collectively brings over 60 years of experience in the self-storage and finance sectors, including most recently at Life Storage. Through its active asset management approach, MAM intends to leverage its experience in scaling specialist operators to assist Summerland Storage Partners in building partnerships with global institutions to capitalize on attractive opportunities in the sector. Summerland Storage Partners' launch includes an investment from one of Canada's largest pension investors in one of its ventures. 'Today's launch continues our history of building platforms globally in our high-conviction sectors,' said Eric Wurtzebach, Head of Real Estate for MAM. 'With deep expertise and experience, the Summerland Storage Partners team is well-equipped to not only grow their own portfolio but also to deliver attractive asset management solutions to external clients.' James Fogarty, Head of U.S. Real Estate for MAM, said, 'We view the self-storage industry as a robust, recession-resistant sector with growth potential, driven by rising consumer demand and the trend toward smaller living spaces, which continues to outpace current supply. The sector is still highly fragmented and by setting up this well capitalized platform we can efficiently establish a meaningful foothold in the space.' 'We intend to build a strong presence in the self-storage industry through shrewd acquisitions,' said David Dodman, CEO of Summerland Storage Partners. 'With our deep expertise and strategic investment from a MAM-managed fund, we are well-positioned for success and excited to pursue what we believe is a strong opportunity in the market.' About Macquarie Asset Management MAM is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, MAM provides a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. MAM is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange. All figures as of 31 March 2025. About Summerland Storage Partners Summerland Storage Partners is a New York-based self-storage platform dedicated to assembling a market-leading self-storage portfolio. It is supported in this goal through a strategic investment from a fund managed by MAM. MAM's differentiated real estate strategy focuses on investing into and partnering with specialist operating platforms. Through this strategic investment and MAM's active asset management approach, Summerland Storage Partners is able to leverage MAM's deep resources and expertise. Summerland Storage Partners' highly experienced team invests to build a geographically diverse portfolio of high-performing self-storage assets, strategically located in major markets across the United States. Other than Macquarie Bank Limited ABN 46 008 583 542 ('Macquarie Bank'), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. Notes to Editors David Dodman, Chief Executive Officer: Dave's responsibilities include strategic planning, financial oversight of the company and its real estate portfolio, investor relations and capital markets Dave previously served as Chief Operating Officer and Senior Vice President of Corporate Planning & Investor Relations at Life Storage, Inc. As COO, Dave had operational authority for the company's 1,200+ facilities and associated team members, oversaw revenue management and led the company's Enterprise Program Management Office to identify, prioritize and lead key strategic projects designed to improve operating and financial performance. Prior to joining life Storage, Dave held various corporate strategy, mergers and acquisitions, and operational roles at KeyCorp, First Niagara Financial Group, Inc. and Lockheed Martin Corporation; he also worked in the Corporate Finance/Investment Banking departments of Legg Mason, Inc. and Stifel Financial Corp. Jonathan Attea, Chief Investment Officer: Jonathan guides acquisition strategy, capital markets, and sourcing of investment opportunities for Summerland 23 years of experience sourcing, underwriting, and negotiating self-storage investments, and forming strategic joint ventures to support investment activity Jonathan was Vice President of Acquisitions at Life Storage, contributing to formulating Life's acquisition strategy and sourcing, underwriting, and negotiating over $5 billion in successful transactions over a 5-year tenure Prior to joining Life Storage, Jonathan was an associate at the Locke Group, a boutique commercial real estate consulting firm specializing in self-storage transactions Michael Rogers, Chief Operating Officer: Mike's responsibilities include strategic planning, negotiations, integration of acquisition and development sites, development & construction oversight, asset management Mike was instrumental in driving growth initiatives for Life Storage, where he served as Senior Vice President of Real Estate from 2018 through the company's $16 billion merger in 2023 In that role, he led the Acquisitions, Third Party Management, and Construction divisions From 2012 through 2018, Mike served as Vice President of Acquisitions, focused on growing the Life Storage portfolio count Prior to 2012, Mike held various other positions at the company, including Vice President of Real Estate, Due Diligence Officer, and Acquisitions Officer
Yahoo
28-07-2025
- Business
- Yahoo
Macquarie Asset Management Closes Macquarie Alliance Partners Infrastructure Fund (MAPIF) With Over $US700 Million in Total Fund and SMA Capital Commitments
Successful infrastructure secondaries fund close, with commitments from a diversified global investor base across pension funds, family offices, and insurance companies. NEW YORK, July 28, 2025--(BUSINESS WIRE)--Macquarie Asset Management today announced the final close of Macquarie Alliance Partners Infrastructure Fund ("MAPIF" or the "Fund"), with $US711 million in total commitments, including main fund and SMA capital commitments. Macquarie Alliance Partners Infrastructure Fund is Macquarie Asset Management's inaugural infrastructure secondaries fund. Focused on creating a diversified portfolio, the Fund emphasizes targeting high-quality assets, sectors and fund managers. MAPIF leverages Macquarie Asset Management's decades of extensive infrastructure investment experience to apply a specialist approach to infrastructure secondaries investing, as opposed to a common generalist approach in secondaries. Macquarie Asset Management's global track record now spans more than 30 years of infrastructure investment experience. MAPIF has attracted commitments from a diversified investor group spanning pension funds, family offices, and insurance companies across EMEA, APAC, and the Americas. "While our clients remain focused on allocating capital to infrastructure, liquidity and j-curve mitigation have become increasingly desirable for LPs, and GPs are also seeking liquidity solutions for their investors," said Wandy Hoh, Head of Secondaries for Macquarie Asset Management. "We are grateful for the confidence that MAPIF investors have placed in us, which recognizes Macquarie Asset Management's decades of extensive infrastructure investment experience and the ability to bring new solutions to market." Macquarie Asset Management is a pioneer in infrastructure investment with over 30 years' of investment experience in the sector and over 400 investment professionals across 34 markets. About Macquarie Asset Management Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange. All figures as at 31 March 2025 unless otherwise noted. Important Notices (Macquarie Asset Management): None of the entities noted in this media release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this media release relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. View source version on Contacts Lee +1-347-302-3000 Rachel +1-310-800-4512
Reuters
22-07-2025
- Business
- Reuters
Law firm Linklaters says US growth fueled record year
July 22 (Reuters) - Linklaters saw a surge in U.S. profits last year, the London-founded law firm said on Tuesday, boosting its global revenue and profits to record highs as it worked to further expand its U.S. business. The firm reported an overall 14% increase in profit before tax to 1.08 billion pounds ($1.46 billion) in its financial year ending April 30. U.S. profits grew by 57%, the largest increase among Linklaters' core markets. Linklaters, which has about 3,000 lawyers globally, is among the large London law firms that have prioritized adding lawyers and winning work in the United States. The firm said it now has more than 50 U.S. partners in its New York and Washington, D.C. offices. Recent hires included a litigation team from Patterson Belknap Webb & Tyler and a finance group from A&O Shearman. Revenue grew by 11% overall to 2.32 billion pounds ($3.13 billion), including a 26% U.S. revenue increase over the prior year. Profit per equity partner jumped by 15% to reach 2.2 million pounds ($2.97 million). U.S. partners worked on some of the firm's large corporate deals, including representing Dow in its agreement in December to sell a 40% stake in some U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion. ($1 = 0.7418 pounds)
Yahoo
11-07-2025
- Automotive
- Yahoo
Jim Cramer Sees Potential Price Break in Tesla Stock
Tesla, Inc. (NASDAQ:TSLA) is one of the 13 stocks recently discussed by Jim Cramer. The company was mentioned during the episode, and here is what Mad Money's host had to say: 'When the only stock that's down enough to create a real price break is Tesla, largely because Elon Musk's trying to get back into politics instead of humanoids, it's tough to pull the trigger.' Tesla (NASDAQ:TSLA) designs, manufactures, leases, and sells electric vehicles, energy storage systems, and solar energy products. The company provides services that include vehicle maintenance, insurance, charging infrastructure, and various financing options for both automotive and energy customers. Macquarie Asset Management stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q1 2025 investor letter: 'At the individual stock level, the greatest contribution was attributable to not owning Tesla, Inc. (NASDAQ:TSLA), and our positions in Intercontinental Exchange Inc. (ICE) and Visa Inc. Tesla faced well-publicized headwinds last quarter that may bleed into future periods. This has remained a constant stock of debate among the investment community and is volatile as a result. The business has never met our quality standards and we are happy to sit on the sidelines of this battleground stock.' While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Reuters
01-07-2025
- Business
- Reuters
UK's Southern Water secures $1.65 billion equity lifeline
July 1 (Reuters) - UK's Southern Water on Tuesday said it has secured an equity support offer of up to 1.2 billion pounds ($1.65 billion) from a consortium led by Australia's Macquarie Asset Management to help tackle its debt woes and support investments. ($1 = 0.7270 pounds)
