Crater joins Partners from Wall Street heavyweights Goldman Sachs, J.P. Morgan
Dallas, TX – Partners Finance—the capital raising division of Partners Real Estate (“Partners”)—today announced that it has hired veteran securities and investment fundraising executive Jake Crater to spearhead the investment platform’s fundraising initiatives in Dallas, TX.
Mr. Crater joins the company on the heels of the recent launch of Partners Finance’s crowdfunding website: www.precfinance.com.
In his new role as Investment Director for Partners Finance, Mr. Crater will work alongside Brett Chiles, Partners Finance Managing Director based in Houston, to raise funds for Partners’ investment platform and work with accredited individual investors, family offices, institutional investors, and registered investment advisors, helping them invest in a variety of investment funds and development projects sponsored by Partners Real Estate Group. Mr. Crater will be based in Dallas, TX and primarily focus on providing information about Partners investment opportunities to the investor community in North Texas.
“We expect Partners Finance to be a major contributor to our overall investment platform,” said Jon Silberman, Managing Partner at Partners. “Hiring an executive with Jake’s deep fundraising experience is another key step in the growth of our investment offerings.”
Added Mr. Silberman, “Partners has always been forward-thinking and intentional in anticipating our clients’ needs. In addition to tradition methods of raising commercial real estate investment capital, we have developed and recently launched the Partners Finance online platform, which makes investing with us as simple as the click of a button.”
Mr. Crater has over 20 years of experience and is a highly accomplished and results-driven banking and investment professional. He joins Partners Finance from leading global investment banking, securities, and investment management firm, Goldman Sachs, where he served as Vice President, business development officer for the southern region. His responsibilities were developing relationships and advising registered investment advisors and family offices on capital market solutions like institutional trading, derivatives, alternative assets and custody. Previous to that, Mr. Crater spent 15 years at banking giant J.P. Morgan as Executive Director in Private Banking. There he advised High Net Worth families and institutions on Asset Management, Wealth Planning, Banking and Credit solutions.
In April, Partners Finance launched its new digital investment platform website at //precfinance.com/, providing direct access to all Partners investment funds and projects to accredited investors nationwide. Currently there are two investment opportunities available on the site—the $50 million Land Fund I (with a minimum investment of $125,000), which will be deployed to acquire raw land in Houston, San Antonio, Austin, and Dallas-Ft. Worth; and the $150 million Investment Fund V (minimum investment of $100,000), to be utilized to invest in industrial, retail, and office properties located in Texas and high-growth markets in the southeastern United States—and a third on the way, a new Hospitality Fund. Each of these are sponsored by Partners Capital, the investment arm of Partners Real Estate.
The Partners Finance digital commercial real estate investment platform offers interested accredited investors the ability to invest directly in Partners’ funds and development opportunities. The platform’s website makes investing in real estate simple, with a straightforward four-step process: (1) create your account; (2) review current investment opportunities; (3) select the investment opportunity you like; and (4) invest directly.