Axar Capital and Morning Calm launch real estate lending platform Morning Axe Management

• Raymond James has been tapped to support additional fundraising
• Based in Des Moines, Iowa, Morning Axe will invest and manage discretionary capital on behalf of life companies and other institutional investors
• Since their respective inceptions, Morning Calm and Axar have deployed over $5 billion of capital

Axar Capital Management and Morning Calm Management have launched Morning Axe Management, a real estate lending platform focused on the middle market.

Morning Axe is launching with access to about $250 million in capital. Raymond James has been tapped to support additional fundraising.

Based in Des Moines, Iowa, Morning Axe will invest and manage discretionary capital on behalf of life companies and other institutional investors.

“The convergence of rising rates and the decreased availability of real estate credit has created an opportunity for MAM to be a solution to borrowers looking to acquire properties or refinance existing loans. As liquidity remains scarce in the real estate capital markets, we will be well-positioned to be a preferred partner to leading sponsors,” said T.J. Heither, head of national originations at MAM in a statement. “The combination of Morning Calm and Axar Capital bring complementary skill sets, a long history of successful partnerships and significant infrastructure that will allow MAM to efficiently scale and diversify our portfolio of investments.”

Morning Calm is a real estate investment and management platform with a focus on special situation investing.

Axar invests in the corporate middle market.

Since their respective inceptions, Morning Calm and Axar have deployed over $5 billion of capital, including real estate investments in target property sectors.