Northwind, ATLAS SP Strike $300M Capital Partnership

Northwind Group has formed a $300 million institutional capital partnership with ATLAS SP Partners in a move designed to expand Northwind’s real estate lending platform and lower financing costs for borrowers.

The partnership will support Northwind Debt Fund III, the firm’s flagship closed-end real estate credit strategy focused on lending across major U.S. gateway markets. According to the firms, the arrangement will provide the fund with access to lower-cost capital, allowing it to offer more competitive loan terms across multifamily, condominium, industrial, office and other property sectors.

The agreement marks an important evolution in the capital structure of Northwind Debt Fund III and is expected to help drive increased origination volume and market share, particularly in New York City and other large metropolitan markets, Northwind said.

“This partnership is a direct reflection of our commitment to building the most competitive capital structure possible for NDF III,” said Ran Eliasaf, founder and managing partner of Northwind Group.

“We are pleased to partner with Northwind and help facilitate their continued growth as they build a differentiated real estate credit platform,” said Brendan Jordan, co-head of commercial real estate origination at ATLAS.

Northwind has experienced rapid growth in recent years, surpassing $4.6 billion in total debt originations and closing its 100th loan earlier this year.

ATLAS SP Partners is majority owned by funds managed by Apollo Global Management and specializes in warehouse finance and structured credit solutions.