Our Focus is Real Assets Only: A boutique firm with the benefits of a stable global platform built on our core principles with comprehensive support you can trust
A global leader in alternative assets, RealCapitalInnovations™ helps investors find long-life, high-quality assets and businesses that form the backbone of today's global economy.
Our team analyzes long-term assets and businesses across the globe. This approach dictates both our investment perspective and our commitment to environmental, social and governance (ESG) practices. We believe that value creation and sustainable development are complementary goals. Throughout our operations, we are committed to practices that have a positive impact on the communities in which we operate.
Our ESG principles are embedded throughout our operations and help us ensure that our business model will be sustainable well into the future.
Ensure the well-being and safety of employees
Be good stewards in the communities in which we operate
Mitigate the impact of our operations on the environment
Conduct business according to the highest ethical and legal/regulatory standards
Investments posted on Real Capital Innovations™ span the full spectrum of risk/return. Select the right investment to satisfy your goals and invest wisely.
Our mission is dedicated to creating greater alignment, transparency, and knowledge for all investors, with a specific emphasis on alternative investments in Real Estate, Infrastructure & Natural Resources.
While the current trajectory in the alternatives industry points to continued growth, it has become increasingly difficult to keep up with the ever-widening spectrum of alternative asset products, strategies, and the regulations surrounding them.
History shows that many managers did not survive the Great Financial Crisis from 2008. Specifically, 35% of managers who raised capital for funds investing through the crisis (2005-2008 vintage funds) did not raise capital after the GFC (2010 or later vintage funds). In terms of capital, 13% of AUM raised on a dollar basis was raised by managers that did not come back to the market with another fund-raise post the GFC. This suggests the failure percentage rate for smaller firms has been generally higher.
Notably, of the managers that did not survive the GFC, most did not have previous experience investing through a (prior) recession. Specifically, of the 35% of managers who had raised 2005-2008 vintage funds and did not raise post-crisis funds, 78% did not raise capital 1998-2001 vintage funds and therefore would have likely not invested in the early 2000s recession. Of the 13% of 2005-2008 vintage capital on a $ basis that was raised by managers who did not raise post-crisis funds, 68% of capital was raised by managers who did not raise capital 1998-2001 vintage funds.
Therefore, we believe that GPs’ prior experience of managing capital through a recessionary cycle will once again be an important determining factor of success in the current recession. To that point, we believe the percentage of failures could be higher this time around than during the GFC.
While there are clearly multiple factors at play, we estimate there is relatively more capital being managed by firms without “recession investing experience” heading into the current recessionary backdrop as 40% of capital raised was by managers who did not have prior crisis experience vs. 36% for the previous cycle. (Source: Goldman Sachs " Alternative Managers: Charting a path through recession " April 17, 2020)
Susan L. Dambekaln
Years of experience: 26
Role: Founder & President
Prior Experience: State Street Global Advisors; Strong Capital Management; HR Block; Edward Jones Education: B.S. University of Wisconsin.
Michael D. Underhill
Chief Executive Officer
Years of experience: 27
Role: Founder & CEO
Prior Experience: AllianceBernstein; INVESCO; Janus Capital; Shearson Lehman
Education: B.S. Pennsylvania State University; Pepperdine Graziadio Business School; Stanford Law School.
Author: Best selling "Handbook of Infrastructure Investing", Wiley 2010
TD Ameritrade interviews Michael Underhill CEO of RealCapitalInnovations™ regarding impact of COVID-19 on global real estate markets covering: Same Store Net Operating Income (SSNOI), Change in Gross Asset Values, Change in Commercial Property Price Index, Returns for Private and Listed Real Estate, Impact on REIT Adjusted Funds from Operations (AFFO) Growth.
Reuters, top-performing U.S. fund managers see opportunities in one of the sectors hardest hit by the coronavirus pandemic, cautiously increasing stakes in niches of the real estate market like cell phone towers and warehouses, which they see benefiting from an eventual economic recovery.
U.S. News & World Report interview with Michael Underhill CEO of
RealCapitalInnovations™ regarding how investors can ease the effects of market volatility.
The Real Deal interviews Michael Underhill CEO of RealCapitalInnovations™ regarding Ground Leases as they offer insulation against industry-specific downtowns or geography-specific events.
Wall Street Journal interviews Michael Underhill CEO of RealCapitalInnovations™ regarding risk-averse investors having a new option to consider in Ground Leases.
U.S. News & World Report interviews Michael Underhill CEO of RealCapitalInnovations™ regarding alternative property types such as data centers, cell towers, self-storage and manufactured housing.
RealCapitalInnovations™ is not a broker-dealer and does not solicit investors, engage in any negotiations regarding potential investments, or participate in the sale or purchase of any securities or otherwise effect transactions in securities. Any sale or purchase of securities is in the sole discretion of, and is conducted directly between, the issuer and the prospective investor. All information regarding potential investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements. RealCapitalInnovations™ has not independently verified any such information.
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