Saluda Grade

Saluda Grade Senior Portfolio Manager, Blake Eger, is speaking on a panel at SFVegas 2025. The panel, Market Beat: Private Credit's "Golden Moment" - Examining the Factors Behind its Meteoric Rise, is scheduled for February 25, 2025 at 1:00PM. We hope to see you there!  #SaludaGrade #SFVegas #StructuredFinance #PrivateCredit 

The Saluda Grade team will be attending the Structured Finance Association SFVegas 2025, taking place February 23-26, at the Aria Resort & Casino in Las Vegas. We would love to connect if you are headed out there! #SaludaGrade #SFVegas #StructuredFinance #PrivateCredit

2024 Saluda Grade Report Card:  Significant fundraising, platform capability expansion, active securitization issuance, and phenomenal talent acquisition. 𝗦𝗚 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 (𝗖𝗿𝗲𝗱𝗶𝘁) In 2024, SGAM expanded the platform to include two commingled credit funds and two SMA's, while onboarding new investor relationships that we anticipate growing to nearly $3bn of *new* AUM after ramping. 𝗦𝗚 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 (𝗚𝗿𝗼𝘄𝘁𝗵 𝗘𝗾𝘂𝗶𝘁𝘆) SGV launched its third growth equity fund, closing $100mm in commitments in October with a final target of north of $150mm. Updates from our portfolio companies: SGV helped seed the successful launch of CV3 Financial Services coming into 2024, Builders Capital raised $500mm in a new partnership with InterVest capital partners, Unlock Technologies closed $30mm Series B with D2 Asset Management, LP who is backed by Koch Real Estate. We finalized the successful exit from Spring EQ with its acquisition by Cerberus Capital Management. Figure spun out its Lending unit as it became the nation's largest non-bank #HELOC lender. And Wrightwell launched a partnership with Bain Capital and Saluda Grade to purchase $300M in homes. 𝗦𝗚 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 (𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗜𝘀𝘀𝘂𝗮𝗻𝗰𝗲) SGAM sponsored and issued $2.5bn across 10 new securitizations, our biggest year yet. We were thrilled to be recognized as a leader in this space in May when we won GlobalCapital RMBS Issuer and Deal of the Year*: https://bit.ly/4g6Jpoq We had over 50 different investors in the books across these 10 deals, working with Nomura, Jefferies, Goldman Sachs, J.P. Morgan, Raymond James, Texas Capital Securities and Barclays / Barclays Investment Bank to bring these deals to market. 𝗦𝗚 𝗦𝗲𝗿𝘃𝗶𝗰𝗶𝗻𝗴 (“𝗚𝗟𝗦”) SG has been building a technology enabled alternative mortgage servicing company in stealth mode for the past 18+ months – Grade Loan Servicing Solutions (GLS) now has 10+ people and is headquartered in Denver. GLS onboarded nearly $200mm across 600 loans with 16 lenders in 9 different Saluda Grade securitizations. More to come on GLS! 𝗦𝗚 𝗧𝗲𝗮𝗺 Saluda Grade has grown to nearly 50 people. We added top talent over the last 18 months: including Rick Hanna as our COO, David Steltzer, CPA as our CFO, Matt Van Arkel as Head of Capital Markets, Roger Ashworth as Head of Research, Daniel Hoinacki, CFA as Head of Business Development, Jennifer Babsin as Head of Marketing, Dan Foster as Head of Trading Technology, and Michael Constas / Jonathan Klotz, CFA on the Portfolio Management front. We are already off and running into 2025, as we look forward to another big year across the entire SG ecosystem! * Saluda Grade did not pay a fee to be considered for the 2024 Global Capital US Securitization awards held on May 16, 2024. See additional Disclosures at the bottom of https://bit.ly/4gdiMhs

Members of the Saluda Grade team will be attending the iConnections Global Alts Miami Conference next week. We will be hosting one-on-one meetings and dinners throughout the week. If you are attending or in the area and would like to get together, please reach out! #saludagrade #iConnections #privatecredit 

We are excited to participate in the ACC x AIMA Private Credit Investor Forum on January 27th in Miami, FL. We are looking forward to engaging with LPs and GPs to explore the future of private credit, joining key roundtables, and connecting with industry leaders. #saludagrade #privatecredit #alternativeinvestments

Members of the Saluda Grade team will be attending Information Management Network (IMN)’s 2nd Annual Residential Lenders Forum on DSCR & RTL. Jay Ford, our Head of Originator Sales, will be speaking on the panel “How is Your Deal Flow: Latest Terms, Structures & RTL/DSCR Deals” at 1:45pm ET on January 15th. We hope to see you there! #saludagrade #imn #realestate #lenders

We're #hiring a new Trading Technology Analyst in New York, New York. Apply today or share this post with your network.

The Saluda Grade team finishes the year strong with GRADE 2024-HE1, an unrated securitization backed by fixed rate HELOCs and Closed-End Second Lien loans. The closing of this deal showcases the relentless energy and commitment of our team. #SaludaGrade #Securitization #HomeEquity

Happy Holidays from the Saluda Grade Team. As we wrap up 2024, we would like to thank all of our clients, partners, and colleagues. Wishing you a joyful holiday season and a strong start to the new year!

Saluda Grade is proud to announce our partnership with Bain Capital and Wrightwell (formerly Vantage) to provide up to $300 million in financing to address critical housing needs across the United States. We believe this collaboration will be a major step toward expanding access to quality housing while driving innovation in real estate finance.