PSP Investments has made an investment in Houston-based SitusAMC, a provider of services and technology supporting the real estate finance industry. No financial terms were disclosed. With this investment, Stone Point Capital remains the largest shareholder in SitusAMC.
NEW YORK, April 2, 2020 /PRNewswire/ — SitusAMC, the leading provider of services and technology supporting the real estate finance industry, today announced that The Public Sector Pension Investment Board (PSP Investments) has made a strategic investment in the firm. PSP Investments joins Stone Point Capital, who remains the largest shareholder in SitusAMC. Additional shares are held by SitusAMC’s management team.
“We are thrilled to partner with PSP Investments as we look to transform the real estate finance industry,” said Michael Franco, CEO of SitusAMC. “Having long-term capital partners such as PSP Investments and Stone Point Capital will be a driving force for our company through market cycles as we continue to help our clients identify and capture opportunities across the entire lifecycle of their commercial and residential real estate activity.”
“SitusAMC has a bold vision for their industry, supported by a proven leadership team, a strong operational foundation, and world-class services and technology offerings. We look forward to supporting the team, alongside Stone Point, in its next phase of growth,” said Martin Longchamps, Managing Director, Private Equity, PSP Investments.
Chuck Davis, CEO of Stone Point Capital, added, “We are pleased to be partnering with PSP Investments and look forward to working alongside them to support the long-term growth and development of SitusAMC.”
SitusAMC (www.situsamc.com) is the leading independent provider of advisory, strategic outsourcing, talent and technology solutions to the commercial and residential real estate finance industry. The firm helps clients realize opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with $168 billion of net assets as of March 31, 2019. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London. For more information, visit investpsp.com or follow PSP Investments on Twitter and LinkedIn.
About Stone Point Capital
Stone Point Capital is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed eight private equity funds – the Trident Funds – with aggregate committed capital of more than $25 billion. Stone Point targets investments in companies in the global financial services industry and related sectors. For more information, please visit www.stonepoint.com.