The Prestwick Approach
Situated in an under-addressed segment between a full-time in-house role and brokers / placement agents, Prestwick offers a value-oriented outsourcing model to provide access to the equity capital markets via a dedicated engagement and a bridge to permanent functions.
Targeting emerging managers, growth-oriented managers, platform investors with portfolio companies, each with a unique set of objectives and need for access to equity markets.
A start-to-finish approach, from strategic alternatives and understanding company culture and objectives, through offering, marketing, closing, and ultimately handing off new investor relationships.
Capital Raising
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Commingled US, European, Australian value-add funds
$1.0 billion US build-to-core programmatic JV with Aus superannuation
US multifamily core-plus strategy with Japanese investor
$500 million US life sciences programmatic JV with Canadian investor
Contemplated office-to-residential JV with South American investor
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Pursued GP co-investment program, sourced and negotiated term sheets with leading U.S. platform investors
Advised on 2 OpCo recaps with major U.S. pension funds
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Numerous asset and portfolio recaps, development JVs totaling $500 million +
Client Advisory
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Executed over $4 billion of sellside and buyside M&A advisory behalf of public and private Morgan Stanley real estate clients.
Led internal LCOR corporate strategic initiatives including public company M&A discussions, private entity-level investment initiatives
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Concepted and led new product development for various fund and PJV strategies – creating compelling and well-articulated strategies targeting institutional investors.
Marketing material production, financial models, fund documents, PPM, datasite compendium.
Engaged teams of advisors, local placement agents, legal, marketing support
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Established best-in-class IM platforms, including:
Policies and procedures
RFP DDQs
Track records
Allocation policies
SEC / RIA registrations