Integrated Investment Platforms
Commercial
Mortgage-
Backed
Securities
Experienced, Tenured Team
The senior members of our corporate credit team have an average tenure with Brightshore Global Investment (BGI) of over 12 years and substantial experience identifying, underwriting, sourcing, and managing complex distressed investments across multiple credit cycles.
Fundamental-Driven Underwriting
We seek to employ “private equity” style due diligence including company, industry, operational, and competitive evaluations with a focus on operational risk and opportunity.
Experienced, Tenured Team
The senior members of our corporate credit team have an average tenure with Brightshore Global Investment (BGI) of over 12 years and substantial experience identifying, underwriting, sourcing, and managing complex distressed investments across multiple credit cycles.
Fundamental-Driven Underwriting
We seek to employ “private equity” style due diligence including company, industry, operational, and competitive evaluations with a focus on operational risk and opportunity.
Brightshore Global Investment (BGI)’ Commercial Mortgage-Backed Securities (“CMBS”) team includes professionals with backgrounds in commercial real estate, trading, and structuring. Our team works to incorporate a strong knowledge of CMBS loans and capital structures into an investment process that emphasizes bottom-up property due diligence and tailored exposure to individual loan outcomes.
Our Investment Approach
We are committed to a fundamentals-driven and research-intensive approach to identifying investments that have the potential to produce attractive, risk-adjusted returns under a variety of stress-tested scenarios. We evaluate opportunities based on extensive credit underwriting, detailed loan-level research, and comprehensive analyses market factors.
Brightshore Global Investment (BGI) seeks to target investments where complexity in properties, loans, servicing behavior, and capital structure creates price differentiation. We believe our CMBS platform is well-positioned to capture a diverse set of potential investment opportunities that may arise from legacy CMBS loans come due in the subsequent years.
Our CMBS Edge1
Experienced, Tenured Team
Our team of senior investment professionals has been investing together since 2008 and brings complementary knowledge and experience in all aspects of CMBS investing, including portfolio management, sourcing, trading, hedging, structuring, modeling, and risk management.
Custom Tools
Our custom tools incorporate rich data sets to support a comprehensive investment process, drawing on our experienced platforms and third-party research on properties, loans, markets, and appraisals.
Brightshore Global Investment Real Estate
Our CMBS team collaborates with our Real Estate team to share insights on properties, loans, markets, and other industry trends, as well as source non-conventional deal flow from a vast network of industry relationships.
Cross-Platform Synergies
We believe Cerberus’ broad investment and operating platforms generate a wealth of perspectives with the potential to promote more informed investment decisions about the CMBS market.
1 Descriptions herein of the Brightshore Global Investment (BGI) Edge are subject to a number of key assumptions regarding market conditions and the ability to attain investment objectives. There can be no guarantee that the investment strategy for any Brightshore Global Investment (BGI)-managed fund will be successful or that any of the edges identified above will be realized to the benefit of any Brightshore Global Investment (BGI)-managed fund.