Wellington Management has announced the expansion of its private investing capabilities with the formation of a private real estate credit platform.
Wellington has hired Ravi S. Anand as the head of private real estate credit along with three seasoned investors to build the debt platform, an extension of Wellington’s 30-year history of investing in commercial real estate across fixed income and public equities. The initial team of four brings decades of combined experience and most recently worked together within PIMCO’s commercial real estate debt platform, one of the world’s largest real estate debt managers.
“There is growing and persistent demand for debt solutions within the global commercial real estate markets,” said Anand. “This comes at a time where structural shifts in the banking industry continue to constrict supply of capital, providing a unique opportunity for private managers to fill the lending gap for institutional real estate owners and op
