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Direct Investment  + Alternative Assets  + M&As  + Real Estate  |  April 19, 2023
JLL Buys Remaining 50% of Derivatives, Structured Finance Advisory Firm KCA
Joe Palmisano
By: Joe Palmisano

JLL Buys Remaining 50% of Derivatives, Structured Finance Advisory Firm KCA

JLL, a firm focused on real estate and investment management, has wholly acquired Kensington Capital Advisors (KCA), a North Carolina-based derivatives and structured finance advisory firm. The purchase included technology platform Frame Financial Systems.

Financial terms of the transaction were not made available.

When JLL bought HFF in 2019 the company also gained a 50% ownership of KCA. The acquisition of KCA and Frame expands the global derivatives advisory capabilities and end-to-end capital solutions.

KCA and Frame’s 23 employees will join the Capital Markets and JLL Technologies teams, and the technology product will be offered as a SaaS solution for commercial real estate investor clients looking to manage their corporate real estate debt portfolios.

“Combining KCA’s strategic advisory capabilities and Frame technology with our market-leading experts in Debt Advisory across the world and our global platform is going to create real value for our clients,” said Richard Bloxam, CEO of Capital Markets, JLL.

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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.
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