Pretium Partners
Pretium Partners is a leading alternative investment manager with $51.8 billion in assets under management, focusing on real estate and credit market opportunities.
Company Overview
Pretium Partners is a leading alternative investment manager, specializing in real estate and credit market opportunities. As of June 30, 2023, the firm manages approximately $51.8 billion in assets. Pretium's diversified investment strategies encompass residential investments, corporate credit, and structured credit. The company's approach is rooted in identifying paradigm shifts influenced by demographics, public policy, market structure, or technology. Through a combination of proprietary analytics and disciplined attention to detail, Pretium aims to capitalize on significant market opportunities.
Real Estate Investments
Pretium focuses significantly on residential real estate, where their strategy includes single-family rentals and residential credit. As of December 31, 2021, the firm manages around 75,000 homes across 30 key markets, achieving a 96.5% occupancy rate. The company's portfolio growth reflects its response to structural supply-demand imbalances in the housing market. Pretium also completed the acquisition of BH Management Services, expanding its footprint in multifamily, student, and single-family housing.
Corporate and Structured Credit
Pretium's corporate credit platform is dedicated to sourcing, structuring, and managing high yield portfolios. Their Collateralized Loan Obligation (CLO) platform managed $3.1 billion in assets as of December 31, 2021. The firm’s structured credit investments include cash-flow CLOs backed by broadly-syndicated leveraged loans. Additionally, the mortgage credit strategy targets the extensive U.S. mortgage market, identified as an $8.8 trillion investment universe.
Legal Opportunities Platform
Pretium’s legal opportunities platform provides risk-free capital solutions to law firms and businesses, funding commercial litigation and arbitration claims. This initiative aims to promote growth and profitability while deferring risk. Investing in this platform exemplifies Pretium’s strategic efforts to diversify its investment portfolio and capitalize on niche market opportunities.
Sustainability and Impact
Pretium's commitment to sustainability is articulated through their annual impact reports, with the third report published in 2023. These reports highlight the firm's environmental, social, and governance (ESG) achievements and set targets for ongoing improvement through 2024. Pretium emphasizes its role in driving sustainable investment practices across its portfolios, continually striving to meet evolving industry standards and stakeholder expectations.