Macquarie Group said it acquired 100% of the membership interests in Presidio Partners, a real estate private capital raising and advisory company based in the U.S.
Macquarie's purchase of the private capital team comes after the July hiring of a six-member CMBS team in the U.S.
The new team, which is led by Randy Reiff, added mortgage origination, trading and securitization expertise beyond the firm’s current focus on high yield and distressed credit.
With the purchase of Presidio, Macquarie will now have better access to the U.S. and Europe. It also creates a global real estate private capital markets platform for the Australian firm.
The joint platform will comprise a 19 member private capital team, who have raised a combined $30 billion for private real estate deals from 390 institutions in Europe, North America, the Middle East, and Asia Pacific since 2003.
The private capital team will work with Macquarie's broader real estate advisory, equities and debt capital markets business.