DJIA52573.29 509.19
S&P 5007656.98 65.28
NASDAQ26333.04 251.32
Russell 20002903.94 12.99
German DAX25568.56 207.41
FTSE 10010650.44 41.52
CAC 408179.77 63.01
EuroStoxx 506322.25 52.60
Nikkei 22564011.34 -1259.61
Hang Seng24805.63 -148.84
Shanghai Comp3888.11 -46.29
KOSPI6909.91 -124.01
Bloomberg Comm IDX145.03 -1.94
WTI Crude-fut99.61 -4.34
Brent Crude-fut99.99 -4.03
Natural Gas2.82 -0.02
Gasoline-fut3.32 -0.11
Gold-fut4390.00 30.30
Silver-fut65.02 0.94
Platinum-fut1801.60 18.40
Palladium-fut1315.00 23.50
Copper-fut6.56 0.04
Aluminum-spot3195.00 0.00
Coffee-fut284.25 -5.70
Soybeans-fut1299.00 -32.75
Wheat-fut726.25 -15.25
Bitcoin77161.92 331.49
Ethereum USD2516.93 71.59
Litecoin52.99 0.64
Dogecoin0.08 0.00
EUR/USD1.1624 -0.0007
USD/JPY154.21 0.78
GBP/USD1.3536 0.0001
USD/CHF0.8119 0.0023
USD IDX99.09 0.00
US 10-Yr TR4.971 0.027
GER 10-Yr TR3.5168 0.0143
UK 10-Yr TR5.361 0.0136
JAP 10-Yr TR2.988 0.003
Fed Funds3.75 0
SOFR3.62 -0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Debt  + Real Estate  |  July 15, 2024
TPG Anchors Real Estate Credit Firm
Joe Palmisano
By: Joe Palmisano

TPG Anchors Real Estate Credit Firm

Caro Investors Management, LLC, a new investment management firm founded by Careina Williams, has announced a new partnership with global alternative asset manager TPG.

TPG NEXT will act as a “significant” anchor investor and strategic partner to Caro as part of its objective to seed and accelerate the emergence of “next-generation investment firms,” according to the firms.

Caro’s maiden real estate private credit strategy deploys capital into middle-market private debt investments with underlying commercial real estate exposure in asset classes, including multifamily, industrial, investment-grade retail, and other defensive real estate sectors.

Headquartered in Chevy Chase, MD, the firm was founded in 2024 by Williams, who serves as managing partner. Through its partnership with TPG, Caro will benefit from procurement, talent acquisition, capital formation, investment sourcing, and diligence.

“With Caro Investors, we intend to fill a growing void of institutional investment management firms addressing middle-market investment opportunities in real estate equity and credit,” said Williams.

San Francisco-based TPG has $224 billion of assets under management across private equity, impact, credit, real estate, and market solutions.

Connect

Inside The Story

Caro InvestorsTPG

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints