3650 Capital has secured $215 million in fresh capital commitments from repeat investors the California State Teachers’ Retirement System (CalSTRS) and Mubadala Investment Company. The new capital will be allocated across 3650’s lending strategies and support multiple investment products.
The new capital will be deployed across 3650’s three investment strategies. CalSTRS and Mubadala capital will be deployed in 3650’s Stable Cash Flow (SCF) strategy, which provides long-term, fixed-rate financing, and 3650’s Real Estate Credit Solutions (RECS) strategy, which involves short-term value-add financing (formerly known as 3650’s Bridge and Event-Driven platform) as well as SASB and transitional loans. CalSTRS capital will also be deployed in 3650’s Special Situations Investment Strategy (SSIS), which is focused on equity and structured capital solutions for broken capital structures, loan purchases and value-add business plans.
“As we enter 2025, alternative
