Pretium to Acquire BH Management Services to Expand Residential Real Estate Footprint

PRESS RELEASE

Pretium to Acquire BH Management Services to Expand Residential Real Estate Footprint

February 29, 2024

Marks Entrance into Multifamily Rental Property and Investment Management

NEW YORK – February 29, 2024 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that it has agreed to acquire BH Management Services (“BH”), one of the nation’s premier property management platforms in multifamily, student, and single-family housing. The transaction is expected to close early in the second quarter.

Founded by Harry Bookey in 1993, BH is at the forefront of the institutional multifamily investment and property management industries. BH currently manages approximately 114,000 homes across 370 housing communities in 31 states.

“BH’s multifamily property management platform prioritizes the resident and employee experiences and is critical to enhancing communities at a time when quality housing options are in short supply,” said Don Mullen, Founder and CEO of Pretium. “The addition of BH is a natural adjacency to Pretium’s residential ecosystem and enables us to continue providing diverse housing options for residents based on their preferences and stages of life. We look forward to working with the entire BH team to continue to strengthen BH’s model and market position.”

Mr. Bookey added, “BH has established itself as one of the leaders in the industry, and I am proud of where we are today – one of the largest and most respected companies in multifamily. Therefore, it was personally important to me that we take a thoughtful approach to the future of BH. Beyond being a force in its own right, Pretium shares our core values of embracing evolution and putting people first, making it the right fit for BH.”

“This is an inflection point for BH and an opportunity to further invest in our centralized services platform, as well as advance our proprietary business intelligence systems. This transaction will also expand our operating footprint,” said Joanna Zabriskie, CEO of BH. “What’s exciting to me is what BH and Pretium will do together. We’re cut from the same cloth: we’re both overachievers. However, it’s in the places we’re different – BH as a leader in multifamily, and Pretium as a leader in specialized residential investments – that’s where new opportunities exist.”

“We have a long-standing relationship with BH and are pleased to be joining forces” added Jonathan Pruzan, President of Pretium. “Harry created, and Joanna has scaled, an impressive platform, which is at the forefront of the industry through its technology- and people-focused culture. This combination enhances our existing vertically integrated model and allows us to capitalize on compelling opportunities we see in the residential space.”

BH will become a Pretium operating company and continue to operate as BH Management Services, providing the same property management, construction, and investment services to its clients and residents across the country. BH will also continue to be led by Chief Executive Officer Joanna Zabriskie and the current management team, with its headquarters remaining in Des Moines, Iowa.

Advisors

Wells Fargo acted as financial advisor, and Sidley Austin LLP acted as legal advisor to Pretium.

The CenterCap Group acted as financial advisor, and Faegre Drinker Biddle & Reath LLP acted as legal advisor to BH.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 50 offices, including its New York headquarters, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

About BH Management Services

BH is a people-first multifamily owner and operator that grew from a small startup into one of the nation’s largest commercial real estate companies. Founded in 1993, BH is celebrated for its simple commitment to doing business the right way and investing in its team. Today, BH manages approximately 114,000 units, employs 2,800 people, and owns its processes in-house. Powered by innovation and a can-do attitude, BH improves daily, striving to construct a smarter way to live, invest, manage, and grow. For more information, visit livebh.com.

Contacts
Lyle Weston / Erik Carlson Joele Frank,
Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Pretium and Hunter Point Capital Announce Strategic Partnership

PRESS RELEASE

Pretium and Hunter Point Capital Announce Strategic Partnership

February 27, 2024

Pretium and Hunter Point Capital Announce Strategic Partnership

NEW YORK – February 27, 2024 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced a strategic partnership with Hunter Point Capital (“HPC”). This partnership, which includes a minority investment from HPC, aims to support the long-term growth of Pretium’s existing strategies – residential real estate and corporate and structured credit – and enable the firm to expand into adjacent areas to create additional value for its clients, residents, and employees.

Since its founding in 2012, Pretium has built one of the most comprehensive residential and credit ecosystems in asset management. Today, Pretium is one of the largest investors in non-agency residential mortgage loans, one of the largest residential business purpose lenders, one of the largest investors in the creation of new homes, and the largest owner-operator of single-family homes in the United States.

“This milestone is a testament to the accomplishments of our 4,400-plus person team and the many opportunities that lie ahead for our firm,” said Don Mullen, Founder and CEO of Pretium. “Avi and Bennett have built a differentiated model of partnership and share Pretium’s passion for building businesses. We look forward to drawing upon HPC’s strategic expertise, value-added operational capabilities, and global network to propel Pretium’s development into our second decade.”

“Pretium’s strategic focus and execution have accelerated its growth into a multi-strategy firm with a national presence and an expanding opportunity set,” said Avi Kalichstein, CEO and Co-Founder of HPC. “We look forward to supporting the talented team at Pretium as the firm builds on its success and expands its platform. Under Don’s leadership and with the recent addition of Jon Pruzan as President, Pretium is at an exciting inflection point.”

“During a time of significant growth and consolidation in the alternative asset management industry, HPC’s investment advances many of our top growth initiatives and strengthens our ability to capitalize on the compelling opportunities we see in the residential and credit markets,” said Jonathan Pruzan, President of Pretium. “The persistent undersupply of homes coupled with the disruption in the banking landscape will offer significant investment potential for the foreseeable future.”

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 50 offices, including its New York headquarters, Miami, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

About Hunter Point Capital

Hunter Point Capital is a leading independent investment firm providing capital solutions to alternative asset managers that are poised to build enduring franchises and define the next generation of leading investment firms across the globe. Hunter Point Capital believes that being a strategic partner for growth to investment managers makes it a preferred choice for successful and promising GPs seeking tailored capital solutions. For more information, please visit www.hunterpointcapital.com.

Contacts

Pretium
Jon Keehner / Lyle Weston / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Hunter Point Capital
Joshua Rosen / Julia Sidi
Prosek Partners
pro-hunterpointcapital@prosek.com

Jonathan Pruzan, Former Morgan Stanley COO & CFO, Joins Pretium as President

PRESS RELEASE

Jonathan Pruzan, Former Morgan Stanley COO & CFO, Joins Pretium as President

September 5, 2023

Jonathan Pruzan, Former Morgan Stanley COO & CFO, Joins Pretium as President

NEW YORKSept. 5, 2023 /PRNewswire/ — Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Jonathan Pruzan has joined the firm as President and a member of the Executive Committee, effective immediately. In this newly created role, Mr. Pruzan will oversee many of Pretium’s strategic and operational initiatives, reporting to Don Mullen, Pretium’s Founder and CEO.

Jonathan Pruzan

Mr. Pruzan brings over 30 years of financial services and asset management experience, a proven track record of creating and capitalizing on growth opportunities, and a demonstrated ability to develop and lead high-performing teams across diverse economic environments. Mr. Pruzan spent the last 28 years with Morgan Stanley, serving in a variety of leadership positions, including Chief Operating Officer, Chief Financial Officer, and Head of Corporate Strategy. As part of Morgan Stanley’s leadership team, Mr. Pruzan played a key role in Morgan Stanley’s acquisitions of E*Trade Financial, Eaton Vance, and Solium Capital. Prior to holding these corporate positions, Mr. Pruzan built his career as an investment banker and was Head of the Global Financial Institutions Group, where he advised financial institutions and governments around the world on hundreds of billions of dollars of capital raisings, mergers, restructurings, and other strategic transactions.

“Adding a strategic leader of Jon’s caliber demonstrates the strength of Pretium’s model and market position as one of the leading investors in real estate and credit,” said Don Mullen, Founder and CEO of Pretium. “Pretium is a fast-growing, integrated firm that supports the entire asset lifecycle by embracing opportunity where others resist complexity. Jon is part of an elite class of financial services leaders, having excelled as an operating executive and a dealmaker. At a time of significant consolidation in the asset management space, we look forward to benefiting from Jon’s long history of success driving organic growth and identifying compelling acquisitions and partnerships to take the firm to the next level.”

“Pretium’s unique ecosystem is built on Don’s pioneering vision to produce, curate, and manage assets with a high barrier to entry across the residential and corporate credit markets,” said Mr. Pruzan. “Successful acquisitions such as Anchor Loans, Deephaven Mortgage, and Selene Finance are a testament to the Pretium team’s entrepreneurship and ability to effectively integrate new platforms. I am extremely excited to be joining the firm and to work closely with Don and the entire team to capitalize on the tremendous opportunities ahead to grow the business.”

Mr. Pruzan earned a Bachelor of Arts in Political Science and Economics from Tufts University and serves on its Board of Trustees. Mr. Pruzan is also a member of the Board of Trustees of the New York-Presbyterian Hospital, the Board of Directors of the Peterson Institute of International Economics, the Board of Directors of The American Ditchley Foundation, and a Trustee Emeritus and past Board Chair of the educational nonprofit, Summer Search NY.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 50 offices, including its New York headquarters, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Michael Campbell Joins Pretium as Senior Managing Director, Head of International Real Estate

PRESS RELEASE

Michael Campbell Joins Pretium as Senior Managing Director, Head of International Real Estate

July 13, 2023

Experienced Global Real Estate Investment Professional Will Expand Capabilities Outside of the United States

NEW YORK – July 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced the addition of Michael Campbell as Senior Managing Director, Head of International Real Estate. In this newly created role, based in London, Mr. Campbell will lead the firm’s efforts to expand its real estate investing to markets outside of the United States and support international relationships.

“Pretium has been a leader in single-family rental housing in the United States for over a decade,” said Don Mullen, Founder and CEO of Pretium. “With the addition of Michael, our team is better positioned to explore international residential markets with attributes similar to the U.S. housing market, where we have been successful. We believe that our visionary and technology-driven investment approach applied to new global markets can unlock significant value for our stakeholders.”

Mr. Campbell brings to Pretium over 30 years of experience launching and growing real estate investment management platforms on a global scale, having previously held both institutional and entrepreneurial investment and advisory leadership roles across a variety of property sectors in North America, Latin America, Europe, the Middle East, and Asia. Prior to joining Pretium, Mr. Campbell spent nearly a decade spearheading the global real estate investment platform at Mubadala, where he was responsible for all international real estate investment activities.

“Expanding to markets in Europe and outside of the United States is a logical extension of our business given the opportunity for institutional investment in residential markets across the developed world,” said Josh Pristaw, Senior Managing Director, Head of Real Estate. “Michael brings compelling global real estate investment experience and relationships with international investors to our team. We are confident Michael is the right leader to support these new efforts and help drive our next phase of strategic growth.”

“It has been a privilege to work with a number of esteemed investor-fiduciaries in our industry. Pretium’s innovative approach coupled with the scale the firm has achieved since its founding are a testament to its talented team,” said Mr. Campbell. “I look forward to contributing to the expansion of our geographic footprint.”

Prior to his role at Mubadala, Mr. Campbell was Managing Partner at Phene Capital, a real estate investment boutique. Previously, he served as Chief Operating Officer and led all U.S. investment and operational activities at a European family office. He also served as a Managing Director and member of the real estate investment and operating committees at UBS Wealth Management, building and managing its diversified real estate investment management business, and as a Principal at JP Morgan as part of the original team to buildout its global private equity real estate businesses. He began his career at Ernst & Young and Arthur Andersen.

Mr. Campbell earned a Bachelor of Arts from Princeton University and a Master of Business Administration from Wharton School at the University of Pennsylvania.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Pretium’s Real Estate Team Expands by Adding Experienced Portfolio Manager Jason Lewis as Managing Director

PRESS RELEASE

Pretium's Real Estate Team Expands by Adding Experienced Portfolio Manager Jason Lewis as Managing Director

July 10, 2023

Pretium's Real Estate Team Expands by Adding Experienced Portfolio Manager Jason Lewis as Managing Director

NEW YORK, July 10, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Jason Lewis has joined the firm as a Managing Director and Portfolio Manager on the Real Estate team. Mr. Lewis will be focused on the performance and expansion of Pretium’s single-family rental (“SFR”) vehicles.

Mr. Lewis brings over 15 years of experience in managing large, diversified real estate portfolios across product types and investment strategies. His experience spans portfolio construction, asset management, capital raising, performance measurement, and he has overseen more than $10 billion in investment transactions. Mr. Lewis joins Pretium from UBS Realty Investors, where he served as an Executive Director and Portfolio Manager. Before UBS, Mr. Lewis was the Head of Asset and Portfolio Management at CA Residential. He began his real estate career at Capri Capital Partners, LLC., most recently as a Partner, Head of Asset Management and lead portfolio manager for some of the firm’s largest separate accounts and commingled fund vehicles.

“The addition of Jason to our growing Real Estate team demonstrates the continued success of our strategy and our platform,” said Josh Pristaw, Senior Managing Director and Head of Real Estate at Pretium. “We are excited to welcome Jason to Pretium, and I am confident his expertise in executing winning portfolio management strategies and forming strong client relationships will be an asset to our firm.”

“Pretium is a leader in the single-family rental industry and has a strong track record of delivering value for its stakeholders,” said Mr. Lewis. “I am looking forward to partnering with such a talented team and to leveraging my experience as we expand the firm’s investment management capabilities, optimize portfolio performance for its global investor base and continue to pursue innovation within the housing sector.”

Mr. Lewis earned a Master of Business Administration, with a concentration in Real Estate and Finance from Columbia Business School and a Bachelor of Science in Mathematics from Morehouse College.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.


Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Pretium Expands Real Estate Team with Addition of Melanie Gersper as Managing Director, Asset Management

PRESS RELEASE

Pretium Expands Real Estate Team with Addition of Melanie Gersper as Managing Director, Asset Management

March 20, 2023

Newly Created Role Enhances Enterprise Collaboration and Boosts Operational Efficiency

NEW YORK – March 20, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Melanie Gersper has joined the firm as Managing Director, Asset Management. In this role, Ms. Gersper will lead the asset management of Pretium’s equity real estate portfolio across the United States, including more than 90,000 single-family residential homes managed by Progress Residential as well as Pretium’s build-to-rent platform.

Ms. Gersper brings a proven track record and more than 25 years of experience managing large residential real estate portfolios, including multi-family rentals, and has been responsible for operating stabilized assets and overseeing complex development projects across multiple geographies. Most recently, she served as ACRE’s Chief Operating Officer since 2015, where she was responsible for the oversight of property management and asset management. She also had a meaningful role in acquisitions and dispositions. Prior to joining ACRE, Ms. Gersper held senior leadership roles at residential companies including Chief Operating Officer at CF Lane, Senior Vice President of Operations at Bell Partners, President of Operations for Cortland Partners, and Regional Vice President of Lane Company.

“Melanie’s success driving operational performance across a variety of residential real estate portfolios will be invaluable as we continue to scale and optimize our business,” said Josh Pristaw, Senior Managing Director and Head of Real Estate. “We are confident she will have an immediate impact at both the individual asset and broader portfolio level, and I look forward to working with her during our next phase of growth.”

“Pretium has built the leading and most innovative single-family rental platform in the United States, and I am proud to join such an incredible team,” said Ms. Gersper. “As Pretium continues to grow, I look forward to leveraging my real estate operating experience to deliver even greater value for our stakeholders.”

Ms. Gersper earned a Bachelor of Science in Business Administration from Bowling Green State University.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Julie Harbert Joins Pretium as Senior Managing Director and President of Pretium Enterprise Services

PRESS RELEASE

Julie Harbert Joins Pretium as Senior Managing Director and President of Pretium Enterprise Services

March 13, 2023

Newly Created Role Enhances Enterprise Collaboration and Boosts Operational Efficiency

NEW YORK – March 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Julie Harbert has joined the firm as Senior Managing Director and President of Pretium Enterprise Services. In this newly created role, Ms. Harbert will be responsible for building and leading the firm’s shared service solutions, including through enhanced technology, services, and processes that create scale and deliver long-term value for stakeholders. She will be a member of the firm’s Executive Committee.

Ms. Harbert brings more than 25 years of experience in business operations. Most recently, she served as Entergy’s Senior Vice President and Chief Administrative Officer, where she was responsible for building high-performing teams enterprise-wide. Prior to joining Entergy, Ms. Harbert was Senior Vice President and Group Head of Global Business Services at Philips. Ms. Harbert began her career at IBM, where she built a strong record of execution in numerous roles, including as Vice President and Chief Operating Officer of Global Process Services.

“Julie has an impressive track record of successfully leading continuous improvement for large, complex organizations,” said Chris Weidler, Chief Financial Officer of Pretium. “We are excited to welcome her to Pretium and look forward to optimizing our solutions, services, and processes enterprise-wide under her leadership.”

“I am honored to join Pretium at a time of significant growth and innovation,” said Ms. Harbert. “I look forward to building on the strong foundation already in place at Pretium and working collaboratively across the ecosystem to deliver premium shared services that generate long-term value for our stakeholders.”

Ms. Harbert currently serves on the board of directors for the Louisiana Children’s Museum and Shared Services Network (SSON) Europe. She holds a Master of Business Administration degree with a focus on International Finance and Economics from the Fuqua School of Business at Duke University, and a Bachelor of Science in Accounting from West Virginia University.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Pretium Announces New Partnership With iCapital®

PRESS RELEASE

Pretium Announces New Partnership With iCapital®

March 8, 2023

Custom Technology and Distribution Agreement Is First of its Kind for Pretium

NEW YORK – March 8, 2023 – Pretium, a specialized investment firm with over $50 billion in assets under management, and iCapital1, the global fintech platform driving access to alternative investments for the wealth management industry, today announced a custom technology and distribution agreement.

“We’re excited about our new partnership with iCapital and the range of tech-enabled solutions it will unlock for our private wealth investors and their advisors now and into the future,” said Don Mullen, Founder and CEO of Pretium.

Since its founding in 2013, iCapital’s end-to-end digital platform has efficiently improved the client experience through automated subscriptions, investment process transparency, and the seamless integration of alternative investment performance and reporting.

“We are thrilled to partner with Pretium to support their priority of providing institutional-style access of alternatives to advisors and their clients,” said Lawrence Calcano, Chairman and CEO of iCapital.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Institutional Capital Network, Inc. or its affiliates (together “iCapital”). Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. The information contained herein is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and iCapital assumes no liability for the information provided.

This material is confidential, is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital.

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Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (“iCapital”). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.

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Pretium Announces Promotions to Managing Director, Highlighting Firm’s Emerging Leaders

PRESS RELEASE

Pretium Announces Promotions to Managing Director, Highlighting Firm’s Emerging Leaders

February 13, 2023

NEW YORK – February 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced its 2023 promotions to Managing Director, effective January 1, 2023.

“The promotions announced today highlight our deep bench of talent across the organization, our leaders’ diversity of background and thought, and the important work underway at Pretium,” said Don Mullen, Founder and CEO of Pretium. “We extend our congratulations to our emerging leaders, and we look forward to benefitting from their contributions as we continue to build our diversified investment platform and enhance our capabilities.”

The following individuals have been promoted to Managing Director:

  • Michael Polsinelli, Finance
  • Genie Pusey, Business Development
  • Steve Satriano, Finance
  • Daniel Sikora, Residential Credit
  • Nishu Sood, Real Estate Research & Analytics
  • David Stolldorf, Capital Markets
  • Cheryl Zabala, Legal & Compliance

 

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

Emily Stecher Joins Pretium’s Growing Business Development Team

PRESS RELEASE

Emily Stecher Joins Pretium’s Growing Business Development Team

February 7, 2023

Stecher Bolsters Pretium’s Product Development and Capital-Raising Capabilities

NEW YORK, February 7, 2023 – Pretium, a specialized investment firm with approximately $50 billion in assets under management, today announced that Emily Stecher has joined the firm as Managing Director and Chief Operating Officer of the Business Development team. In this newly created role, Ms. Stecher is responsible for bolstering the firm’s product and strategy creation, as well as optimizing client engagement efforts.

Ms. Stecher brings extensive experience applying exceptional business and financial acumen for diverse funds and investments. Prior to joining Pretium, Ms. Stecher held roles of increasing responsibility at Goldman Sachs, where she most recently served as Managing Director, Head of U.S. Wealth Management Alternative Sales, and was responsible for distributing alternative investment products to US-based financial intermediaries. Previously, she was a Vice President, Head of Product Strategy & Development and a Vice President in the Alternative Capital Markets group at Goldman Sachs. Ms. Stecher began her career as a Management & Strategy Analyst in Goldman’s Private Wealth Management business. During her tenure at Goldman Sachs, Ms. Stecher oversaw a broad range of activities, including managing a multi-billion-dollar annual budget, developing and executing on new business opportunities for GSAM alternative investment funds and directing a secondary private equity program for clients.

“At Pretium, our entrepreneurial spirit and steadfast commitment to unlocking value for our stakeholders set us apart,” said Lee Alexander, Senior Managing Director and Chief Operating Officer at Pretium. “As we continue to expand the exceptional team we have in place, Emily’s significant experience stewarding diverse strategic initiatives will be an invaluable asset as we enhance our platform and capabilities.”

“Emily is a dynamic leader, and we are thrilled that she’s joined the Pretium team,” said Jennifer Strickland, Senior Managing Director and Head of Business Development at Pretium. “Her background and direct and insightful approach make her the perfect fit for Pretium, and I look forward to working with her to advance our product development and capital raising capabilities, while continuing to optimize how we engage with clients.”

“Pretium is a unique firm on a remarkable growth trajectory, and I am excited to join a team of innovative, specialized professionals,” said Ms. Stecher. “I look forward to supporting the firm’s mission and success by identifying new products and further opportunities to deliver tailored solutions for Pretium’s stakeholders.”

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

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