Saluda Grade raises $100 million of platform capital via innovative securitization

By Dana Cone.
Updated Jul 6, 2021

NEW YORK (PRWEB) July 06, 2021 - Saluda Grade (SG) has completed a transformative capital raise of $100 million through a first-ever Collateralized Asset Financing (CAF) securitization. The private placement was structured and placed by Jefferies, with an oversubscription of demand from a widely diverse set of securitized bond investors. The capitalization will continue to accelerate Saluda Grades growth as a leader and innovator in the Alternative Lending marketplace.

Through the structuring of the transaction, Saluda Grade Holdings (SGH) was created to hold the three differentiated business lines encompassing the Saluda Grade platform. SGH now holds the advisory unit Saluda Grade Advisory (SGA), the Private Equity and Venture Capital investment platform Saluda Grade Ventures (SGV), and the debt fund focused Saluda Grade Asset Management (SGAM).

This capital raise accomplishes many things: it eliminates friction and allows us to quickly deliver imperative capital to our portfolio of originators, it provides SGAM with stable capital to grow our GRADE securitization platform, and enables our strategic partners to access our platform via a relatively liquid ABS debt instrument, said Saluda Grade Founder, Ryan Craft.

The proceeds from the securitization will be invested across the Alternative Lending landscape from equity investments in asset originators to innovative financing structures, Timothy Carr, Saluda Grades Chief Investment Officer added. We are incredibly excited about our improved ability to deliver flexible capital options to Saluda Grades platform of portfolio originators and advisory clients.

About Saluda Grade Founded in 2019, Saluda Grade is a boutique real estate advisory and asset management firm focused on alternative non-bank lending sectors that currently lack access to institutional capital. With offices in New York and Aspen, the company has a broad reach into differentiated asset classes. Through its growth equity and fixed income funds, and mortgage bond securitizations, Saluda Grade now manages over $500 million of assets across the transitional mortgage, home equity, and other non-traditional real estate lending products.

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For more media information, contact: Ashleigh Carone, ashleigh.carone@saludagrade.com