Carlyle and North Bridge Announce Strategic Partnership to Provide Up to $1 Billion in C-PACE Financing
Global investment firm Carlyle (NASDAQ: CG) has announced a strategic partnership with North Bridge ESG , committing up to $1 billion for C-PACE financing. This collaboration aims to address the evolving needs of the commercial real estate market on a larger scale. C-PACE is a fixed-rate financing option secured by local property assessments, increasingly sought after for its benefits to commercial real estate capital stacks.
The partnership leverages Carlyle's expertise in strategic growth, real estate, and asset-backed finance, enabling North Bridge to expand its C-PACE financing services to institutional borrowers in major markets nationwide. This transaction, involving Carlyle's Credit Strategic Solutions and Private Credit teams, represents the largest commitment to C-PACE financing to date, positioning North Bridge to lead the industry's transformation.
La società di investimento globale Carlyle (NASDAQ: CG) ha annunciato una partnership strategica con North Bridge ESG, impegnandosi a investire fino a $1 miliardo per il finanziamento C-PACE. Questa collaborazione mira a soddisfare le esigenze in evoluzione del mercato immobiliare commerciale su scala più ampia. Il C-PACE è un'opzione di finanziamento a tasso fisso garantita da valutazioni immobiliari locali, sempre più richiesta per i suoi benefici nelle strutture di capitale immobiliare commerciale.
La partnership sfrutta l'esperienza di Carlyle in crescita strategica, immobiliare e finanziamenti garantiti da attivi, permettendo a North Bridge di ampliare i suoi servizi di finanziamento C-PACE per i prestatari istituzionali nei principali mercati a livello nazionale. Questa transazione, che coinvolge i team di Soluzioni Strategiche di Credito e Credito Privato di Carlyle, rappresenta il maggiore impegno nel finanziamento C-PACE fino ad oggi, posizionando North Bridge per guidare la trasformazione del settore.
La firma de inversión global Carlyle (NASDAQ: CG) ha anunciado una asociación estratégica con North Bridge ESG, comprometiéndose a invertir hasta $1,000 millones para el financiamiento C-PACE. Esta colaboración tiene como objetivo abordar las necesidades cambiantes del mercado inmobiliario comercial a gran escala. El C-PACE es una opción de financiamiento a tasa fija asegurada por evaluaciones de propiedades locales, cada vez más demandada por sus beneficios en las estructuras de capital del sector inmobiliario comercial.
La asociación aprovecha la experiencia de Carlyle en crecimiento estratégico, bienes raíces y financiamiento respaldado por activos, lo que permite a North Bridge expandir sus servicios de financiamiento C-PACE a prestatarios institucionales en los principales mercados del país. Esta transacción, que involucra a los equipos de Soluciones de Crédito Estratégico y Crédito Privado de Carlyle, representa el mayor compromiso con el financiamiento C-PACE hasta la fecha, posicionando a North Bridge para liderar la transformación de la industria.
글로벌 투자 회사 Carlyle (NASDAQ: CG)가 North Bridge ESG와 전략적 파트너십을 발표하며 $10억까지 C-PACE 금융에 투자하겠다고 밝혔습니다. 이 협력은 상업용 부동산 시장의 변화하는 요구를 더 큰 규모로 다루는 것을 목표로 합니다. C-PACE는 지역 부동산 평가에 의해 담보된 고정 이자율 금융 옵션으로, 상업용 부동산 자본 구조에 대한 혜택으로 점점 더 많은 수요가 있습니다.
이 파트너십은 Carlyle의 전략적 성장, 부동산 및 자산 담보 금융 분야의 전문성을 활용하여 North Bridge가 전국 주요 시장에서 기관 차용자에 대한 C-PACE 금융 서비스 확장을 가능하게 합니다. Carlyle의 신용 전략 솔루션 및 사모신용 팀이 참여한 이번 거래는 C-PACE 금융에 대한 가장 큰 약속을 나타내며, North Bridge가 업계의 변화를 주도할 수 있는 기반을 다집니다.
La société d'investissement mondial Carlyle (NASDAQ: CG) a annoncé un partenariat stratégique avec North Bridge ESG, s'engageant à investir jusqu'à 1 milliard de dollars dans le financement C-PACE. Cette collaboration vise à répondre aux besoins évolutifs du marché immobilier commercial à une plus grande échelle. Le C-PACE est une option de financement à taux fixe garantie par des évaluations de propriétés locales, de plus en plus recherchée pour ses avantages dans les structures de capital immobilières commerciales.
Ce partenariat tire parti de l'expertise de Carlyle en matière de croissance stratégique, de biens immobiliers et de financement adossé à des actifs, permettant à North Bridge d'élargir ses services de financement C-PACE aux emprunteurs institutionnels dans les principaux marchés du pays. Cette transaction, impliquant les équipes de Solutions Stratégiques de Crédit et de Crédit Privé de Carlyle, représente le plus grand engagement en matière de financement C-PACE à ce jour, positionnant North Bridge pour mener la transformation de l'industrie.
Die globale Investmentgesellschaft Carlyle (NASDAQ: CG) hat eine strategische Partnerschaft mit North Bridge ESG angekündigt und sich verpflichtet, bis zu 1 Milliarde USD für die C-PACE-Finanzierung bereitzustellen. Diese Zusammenarbeit zielt darauf ab, die sich entwickelnden Bedürfnisse des gewerblichen Immobilienmarktes in größerem Maßstab zu adressieren. C-PACE ist eine feste Finanzierungsoption, die durch lokale Immobilienbewertungen abgesichert ist und zunehmend nachgefragt wird wegen ihrer Vorteile für Kapitalstrukturen im gewerblichen Immobilienbereich.
Die Partnerschaft nutzt Carlyles Expertise im strategischen Wachstum, in Immobilien und bei asset-backed Finanzierungen, wodurch North Bridge in der Lage ist, seine C-PACE-Finanzierungsdienstleistungen für institutionelle Kreditnehmer in wichtigen Märkten im ganzen Land auszubauen. Diese Transaktion, an der Carlyles Teams für Kreditstrategische Lösungen und Private Kredit beteiligt sind, stellt das größte Engagement für C-PACE-Finanzierungen bis heute dar und positioniert North Bridge als Vorreiter im Transformationsprozess der Branche.
- Carlyle commits up to $1 billion for C-PACE financing, the largest such commitment to date
- Strategic partnership enables North Bridge to expand its C-PACE financing services
- Addresses growing demand for alternative financing in commercial real estate
- Leverages Carlyle's expertise in strategic growth, real estate, and asset-backed finance
- Potential for attractive relative value opportunities due to banks pulling back from commercial real estate lending
- None.
Insights
This strategic partnership between Carlyle and North Bridge is a significant development in the C-PACE financing market. The $1 billion commitment from Carlyle, the largest to date in this sector, positions North Bridge as a major player in institutional-grade C-PACE financing.
The deal comes at a important time when traditional banks are pulling back from commercial real estate lending due to concentration risks. This creates a potential opportunity for alternative lenders like North Bridge to fill the gap and potentially earn attractive returns. For Carlyle, this move diversifies their portfolio and expands their footprint in the growing sustainable finance sector.
Investors should note that while this partnership offers growth potential, the commercial real estate market faces challenges. The success of this venture will depend on North Bridge's ability to navigate market conditions and effectively deploy the capital.
The C-PACE financing model is gaining traction as a flexible, long-term funding solution for commercial real estate projects. Its appeal lies in its fixed-rate structure and the ability to be used for various purposes, including new construction, renovations and even retroactive financing.
This partnership could significantly accelerate the adoption of C-PACE financing among institutional borrowers. The
However, investors should be aware that the C-PACE market is still evolving and regulatory landscapes can vary by jurisdiction. The success of this venture will partly depend on continued favorable policy environments and market acceptance of C-PACE as a mainstream financing tool.
This partnership marks a significant milestone in the mainstreaming of green finance solutions. C-PACE financing is designed to support clean energy and energy efficiency projects, aligning with growing ESG mandates in the real estate sector.
The
For investors, this move by Carlyle highlights the growing importance of ESG considerations in investment strategies. It also suggests that there's significant untapped demand for green financing solutions in the commercial real estate market, which could present opportunities for both lenders and borrowers in the coming years.
North Bridge provides C-PACE financing to institutional borrowers in major markets nationwide. C-PACE is a fixed-rate form of financing secured by local property assessments. As a private credit solution with flexible terms, C-PACE is increasingly sought after for its accretive benefits to commercial real estate capital stacks. The financing can be used for new construction projects, renovations, acquisitions, and retroactively for recapitalization opportunities.
"Carlyle's
"We are pleased to bring together Carlyle's significant expertise in asset backed finance and real estate credit to help commercial real estate owners address their financing needs," said Akhil Bansal, Head of Credit Strategic Solutions at Carlyle. "North Bridge has a proven capability to deliver C-PACE financing solutions of substantial size to borrowers and sponsors, and we are excited to partner with them to drive growth in an increasingly important financing market."
"Our partnership with North Bridge, a leader in providing capital market solutions to commercial real estate owners, allows us to further meet the financing demands facing the industry," said Rachel King, a principal focused on opportunistic real estate credit at Carlyle. "Banks have pulled back from commercial real estate lending due to concentration risk in the sector, resulting in a dynamic that we believe should yield attractive relative value opportunities for C-PACE lenders with capital to deploy today."
This transaction was a joint effort between Carlyle's Credit Strategic Solutions ("CSS") and Private Credit teams.
CSS is a group within the Global Credit business focused on private fixed income and asset-backed investments. The highly experienced team leverages the knowledge, sourcing, structuring, and breadth of the entire Carlyle investment platform to deliver tailored asset-focused financing solutions to businesses, specialty finance companies, banks, asset managers, and other originators and owners of diversified pools of assets. CSS has deployed nearly
Within the private credit team, Carlyle's Real Estate Credit Opportunities strategy focuses on directly originated, asset-specific commercial real estate lending, programmatic investing in real estate credit platforms, financing companies targeting real estate, and making real estate-linked investments.
Paul Hastings LLP served as legal advisor to Carlyle in connection with the transaction. Latham & Watkins LLP and Chapman and Cutler LLP served as legal advisors to North Bridge in connection with the transaction.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With
About North Bridge
North Bridge offers tailored C-PACE financing for new and recently completed projects across all commercial real estate asset classes nationwide. We have earned industry recognition for completing some of the largest and most innovative C-PACE projects to date by combining creative financial acumen with decades of real estate development expertise. The North Bridge team works closely with all stakeholders to design accretive credit solutions for institutional real estate projects. Our focus lies in optimizing capital stacks to achieve maximum efficiency, reduce cost of capital, and enhance long-term asset value for our clients. Further information is available at www.northbridgeops.com. Follow North Bridge on LinkedIn.
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SOURCE North Bridge
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