Home / transaction / Berkshire Global Advisors acted as financial advisor to RCG Longview
Berkshire Global Advisors acted as financial advisor to RCG Longview
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  • Berkshire Global Advisors acted as financial advisor to RCG Longview

  • Date: August 2019
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Real Estate
  • Region: North America
  • Seller AUM: $1.3 Billion
  • Seller Details:
    Founded in 1999 and headquartered in New York City, RCG Longview provides debt capital solutions for owners and operators of real estate. To date, the Firm has completed over 550 transactions with a total capitalization of over $4 billion.

    Buyer Details:
    Founded in 1987, CenterSquare Investment Management is a real asset manager focused on listed and private equity real estate and listed infrastructure investments. The Firm employs a disciplined investment approach using proprietary research and analytics to seek attractive risk-adjusted performance across multiple market cycles.

    CenterSquare Investment Management is headquartered in suburban Philadelphia, with offices in Los Angeles, Denver, London and Singapore. CenterSquare is proud to manage investments on behalf of some of the world’s most well-known institutional and private investors. As of June 30, 2019, CenterSquare manages approximately $10 billion in assets on behalf of some of the world’s most well-known institutional and private investors.

    CenterSquare is management-owned in partnership with Lovell Minnick Partners, a private equity firm that invests across the global financial services industry. Lovell Minnick has offices in Philadelphia, Los Angeles, and New York and specializes in asset management, wealth management, investment product distribution, specialty finance, insurance brokerage and services, financial and insurance technology and related business services.

    Transaction Summary:
    The acquisition of RCG Longview follows CenterSquare’s management buyout from the Bank of New York Mellon in January 2018, in conjunction with Lovell Minnick Partners, a private equity firm focused on financial services companies. As an independent firm, CenterSquare has sought to expand its real assets footprint through organic growth and select inorganic acquisitions into new strategies. Following the acquisition, CenterSquare will be a $12 billion AUM investment manager with four key business lines – private equity real estate, private real estate debt, listed real estate, and listed infrastructure.