GoldenTree Asset Management Hires Head of Real Estate Credit Origination
29 Julio 2024 - 6:00AM
Business Wire
GoldenTree Asset Management LP (“GoldenTree”), a global asset
management firm with approximately $55 billion in assets under
management, has announced the hiring of Sam Friedland as Principal
and Head of Real Estate Credit Origination, a newly created role.
He will be based in the firm’s New York office and will report to
Lee Kruter, Partner and Head of Performing Credit. Friedland brings
almost 15 years of expertise and relationships in the real estate
industry to GoldenTree. He joins GoldenTree from Related Fund
Management, where he was a Managing Director.
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Sam Friedland, Principal and Head of Real
Estate Credit Origination, GoldenTree Asset Management (Photo:
Business Wire)
Steve Tananbaum, GoldenTree’s Founder, Managing Partner, and
Chief Investment Officer, noted, “GoldenTree has found attractive
investment opportunities in real estate credit for two decades. We
have a strong track record of working collaboratively with real
estate companies and developers to help them achieve their
objectives while creating attractive investments for our funds. The
opportunity set in real estate credit has expanded recently and we
are confident that Sam’s significant experience will allow us to
accelerate our sourcing and structuring opportunities while
offering compelling risk-adjusted returns for our investors."
Lee Kruter, Partner and Head of Performing Credit, who oversees
the Firm’s growing investments in real estate credit, said, “While
real estate credit as an asset class has garnered more attention
recently, as a firm we have been making real estate credit
investments that have created value for our investors for two
decades. Our nimble approach allows us to commit in size, execute
quickly, and provide creative solutions, which delivers value and
differentiates GoldenTree.”
Friedland said, “I am confident GoldenTree’s unique and
time-tested approach to value investing across the credit spectrum,
as well as the firm’s leadership in product development, will
enable the firm to continue to drive value for investors in real
estate. I have several long-standing relationships with the
GoldenTree team, and I am thrilled to be part of the firm’s
market-leading real estate credit platform.”
About GoldenTree Asset Management
GoldenTree is a 100% employee-owned, global asset management
firm that specializes in opportunities across the credit universe
in sectors such as high yield bonds, leveraged loans, private
credit, distressed debt, structured credit, emerging markets, real
estate, and credit-themed equities. GoldenTree was founded in 2000
by Steve Tananbaum and is one of the largest independent, global
credit asset managers. GoldenTree manages approximately $55 billion
for institutional investors, including leading public and corporate
pensions, endowments, foundations, insurance companies and
sovereign wealth funds. GoldenTree has over 300 employees, with
offices in New York, West Palm Beach, Charlotte, Newport Beach,
Dallas, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai.
For more information, please visit www.goldentree.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240729011734/en/
Investors: Ha Nguyen GoldenTree Asset Management
212-847-3630 hnguyen@goldentree.com
Media: Lauren Fernandez Laurel Strategies, Inc.
207-776-7776 media@goldentree.com