Former Black Creek Founders Launch Speed Bay, a Shallow Bay Industrial Platform, with $250 Million Strategic Commitment from BDT & MSD Partners
Former founders of Black Creek Group, which was acquired by Ares Management in 2021, have launched a new independent industrial real estate platform called Speed Bay Warehouse Solutions. Speed Bay has secured a $250 million strategic capital commitment from BDT & MSD Partners, alongside $100 million from the founders, to target shallow bay, multi-tenant light industrial assets. The new firm has already acquired or under control approximately 2.7 million square feet across six U.S. markets and cites an actionable investment pipeline of over $1 billion.
Key figures
- Bdt msd aum
- 18000000000
- Acquired sqft
- 2700000
- Pipeline value
- 1000000000
- Founder commitment
- 100000000
- Strategic commitment
- 250000000
AI analysis
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