DJIA51828.62 478.64
S&P 5007743.41 39.28
NASDAQ27068.72 129.34
Russell 20002837.55 1.98
German DAX25408.64 142.11
FTSE 10010695.25 15.26
CAC 408077.80 -3.63
EuroStoxx 506298.15 25.20
Nikkei 22566364.20 850.21
Hang Seng24510.09 -251.04
Shanghai Comp3888.37 -48.15
KOSPI7080.92 63.01
Bloomberg Comm IDX144.32 -1.62
WTI Crude-fut97.47 -2.49
Brent Crude-fut92.44 -1.85
Natural Gas3.25 -0.03
Gasoline-fut3.20 -0.12
Gold-fut4320.50 12.30
Silver-fut64.71 0.52
Platinum-fut1800.80 32.60
Palladium-fut1277.50 2.50
Copper-fut6.78 0.01
Aluminum-spot3195.00 0.00
Coffee-fut278.10 1.50
Soybeans-fut1320.00 3.50
Wheat-fut704.00 -1.75
Bitcoin84117.52 -69.89
Ethereum USD2693.28 10.46
Litecoin73.17 2.08
Dogecoin0.10 0.00
EUR/USD1.1381 -0.0007
USD/JPY158.79 0.50
GBP/USD1.3212 -0.0029
USD/CHF0.8289 0.0040
USD IDX101.04 -0.22
US 10-Yr TR5.167 0.005
GER 10-Yr TR3.6061 -0.0171
UK 10-Yr TR5.3528 -0.0129
JAP 10-Yr TR3.077 -0.005
Fed Funds4 0
SOFR3.88 0.01
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  + Real Estate  |  January 21, 2025
Alpaca Secures $50M Credit Facility from Stifel Bank
Joe Palmisano
By: Joe Palmisano

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.”

Connect

Inside The Story

Alpaca Real Estate

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