
Alpaca Secures $50M Credit Facility from Stifel Bank
Alpaca Real Estate (ARE), a NY-based alternative investment management firm, closed a $50 million credit facility with Stifel Bank. In addition to the credit facility, GCM Grosvenor provided anchor capital to ARE, made on behalf of several major investors in conjunction with ARE’s launch in late 2023.
“ARE remains focused on being a liquidity provider at reset valuations in the tailwind sectors of residential and industrial real estate,” said Peter Weiss, managing partner of ARE. “This facility with Stifel positions us well to manage our business at an institutional level, while continuing to capitalize on attractive opportunistic investments.”
Added Brad Ellis, managing director of Stifel Bank, “We’re excited to support Alpaca Real Estate with their fund banking needs. We look forward to witnessing ARE’s growth as Peter and Daniel leverage their deep real estate and fund management expertise, alongside the institutional support from GCM Grosvenor and synergies with the broader Alpaca platform.”
