GoldenTree Asset Management LP, a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Sam Friedland as Principal and Head of Real Estate Credit Origination, a newly created role. He will be based in the firm’s New York office and will report to Lee Kruter, Partner and Head of Performing Credit. Friedland brings almost 15 years of expertise and relationships in the real estate industry to GoldenTree. He joins GoldenTree from Related Fund Management, where he was a Managing Director.
Steve Tananbaum, GoldenTree’s Founder, Managing Partner, and Chief Investment Officer, noted, “GoldenTree has found attractive investment opportunities in real estate credit for two decades. We have a strong track record of working collaboratively with real estate companies and developers to help them achieve their objectives while creating attractive investments for our funds. The opportunity set in real estate credit has expanded recently and we are confident that Sam’s significant experience will allow us to accelerate our sourcing and structuring opportunities while offering compelling risk-adjusted returns for our investors.”
Lee Kruter, Partner and Head of Performing Credit, who oversees the Firm’s growing investments in real estate credit, said, “While real estate credit as an asset class has garnered more attention recently, as a firm we have been making real estate credit investments that have created value for our investors for two decades. Our nimble approach allows us to commit in size, execute quickly, and provide creative solutions, which delivers value and differentiates GoldenTree.”
Friedland said, “I am confident GoldenTree’s unique and time-tested approach to value investing across the credit spectrum, as well as the firm’s leadership in product development, will enable the firm to continue to drive value for investors in real estate. I have several long-standing relationships with the GoldenTree team, and I am thrilled to be part of the firm’s market-leading real estate credit platform.”
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