There is no assurance that the Fund's distribution rate will be sustainable in the future nor are distributions guaranteed. Access to other award-winning ALM websites including and. If Griffin Credit raises capital anywhere close to the pace of Griffin Institutional Access Real Estate Fund, the overall impact of adding the BDC's investments to Griffin Credit's on eventual portfolio weightings will be minimal. Exclusive discounts on ALM and GlobeSt events. All Rights Reserved. Griffin institutional access real estate. Stephanie Drescher, Chief Client and Product Development Officer of Apollo, said, "This is an important milestone in the buildout of our Global Wealth business and in addition to this acquisition, our trajectory across hiring, capital raising and new product development has been remarkable. By investing in the Fund, a shareholder will not be deemed to be an investor in any underlying fund and will not have the ability to exercise any rights attributable to an investor in any such underlying fund related to their investment. The Fund strategically invests in an actively managed combination of large, established private real estate funds and public real estate securities. The value of the Fund's investments will increase or decrease based on changes in the prices of the investments it holds.
The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. One of the most important securities regulations is FINRA Rule 2111. Asset quality and valuation can be controversial issues in affiliated transactions. Griffin institutional access credit fund breakpoints. Griffin Capital Securities, LLC, Member FINRA/SIPC, is the dealer manager and/or exclusive wholesale marketing agent for its REITs, Interval Funds and private offerings sponsored and/or co-sponsored by Griffin Capital Company, LLC, which offerings are distributed to investors through independent and insurance broker-dealers, national wirehouses and registered investment advisors. View source version on Media for Griffin. Investors will pay offering expenses and, with regard to those share classes that impose a front-end sales load, a sales load of up to 5. Previously, Mr. Carlino was a consultant for The Boston Consulting Group and an intelligence officer in the US Air Force.
This will cause the value of the Fund's shares to increase or decrease. Returns without sales charges would be lower if the sales charges were included. Administrator: ALPS Fund Services, Inc. Legal Counsel: Greenberg Traurig, LLP. January 6, 2020 GMT. The Fund's distribution policy is to make quarterly distributions to shareholders. Apollo announced a first close in its previously announced transaction with Griffin Capital. This press release features multimedia. Apollo Announces First Close of Global Wealth Acquisition of Griffin. The payment occurred on October 1, 2018. Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. Griffin Capital Advisor, LLC. C O R T L A N D B I LT M O R E MULTIFAMILY | Phoenix, AZ Cortland Growth and Income Fund.
Also, once an investment is made in a Private Investment Fund, neither the Adviser nor any Sub-Adviser will be able to exercise control over investment decisions made by the Private Investment Fund. Disclaimer: By registering, you agree to share your data with and opt-in to receiving occasional communications about projects and events. Under this rule, often referred to simply as the suitability rule, financial advisors and broker-dealers must only recommend and sell securities that are reasonably appropriate for the investment experience, needs, and objectives of each individual client. "The risk and challenge is reminding people that this is an interval fund that is not daily redeemable, " he adds. Redemption Requests Slow Inflows to Real Estate Interval Funds. However, the BDC's portfolio contains a higher concentration of directly originated loans to lower middle market companies with EBITDA ranging from $5 million to $100 million, while Griffin Credit's portfolio is focused on broader opportunities in the syndicated loan market, and with less direct originations. Retailers faced a wide range of challenges in 2022. NO OFFERING IS MADE TO NEW YORK RESIDENTS EXCEPT BY A PROSPECTUS FILED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK.
The Fund is a closed-end interval fund, the shares have no history of public trading, nor is it intended that the shares will be listed on a public exchange at this time. Apollo Completes Acquisition of Griffin Capital. Griffin Capital Plans Dynamic, New Creative Office Development in Los Angeles, El Segundo. The two interval funds had about $6. For inquiries related to this message please contact our support team and provide the reference ID below.
The '40 Act defines the rules around how the assets can be packaged and sold. 37 percent for Class L shares. It provides fund managers and investors with a purpose-built solution that embeds security, transparency and regulatory compliance at each step of an OZ investment's life cycle. Class F shares are not available to the general public.
Anderson holds a bachelor's degree in Finance, Presidential Scholar from North Central College and a Ph.