Axonic holds first close on its inaugural Private Credit Strategy

NEW YORK–(BUSINESS WIRE)–Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July. The strategy will hold subsequent closings throughout the remainder of the year.

The Axonic Private Credit Strategy will offer an alternative structure for allocators who want to take advantage of capital market inefficiencies in a closed-end structure. The strategy will target assets across commercial real estate (“CRE”), commercial mortgage back securities (“CMBS”) and residential transitional loans (“RTL”). The strategy will deploy capital into asset based cashflows that have asymmetric risk reward profiles at favorable valuations. More broadly, Axonic’s structuring will allow for the firm to mitigate default risk by structuring these cashflows with a sufficient margin of safety. By their nature, these more illiquid, private credit investments should provide low correlation to public credit markets and provide investors access to loans sourced through proprietary channels.

“We are more optimistic than ever regarding the opportunity set for this strategy,” said Clay DeGiacinto, Chief Investment Officer and Managing Partner of Axonic. “Private credit is an ideal vehicle for investing during periods of economic dislocation. In fact, this is an environment we have been anticipating since late last year. During such a time, the strategy will provide a patient source of capital designed to take advantage of the many dislocations we expect in the private markets. Some of that dislocation may be driven by relative value in public markets.”

Axonic has also recently hired Dominick Negrotto as a Managing Director on the Business Development team. Dominick previously was a Principal on the Business Development and Investor Relations team at Atalaya, an asset-based private credit and special opportunities firm. Prior to joining Atalaya, Dominick was a Director on the Capital Introduction team at Wells Fargo. Earlier in his career, Dominick was a Managing Director at Advanced Portfolio Management, where he oversaw manager selection and due diligence for the firm’s alternative investments.

“Given Dominick’s extensive background in the private markets space he will be instrumental in the fundraising for our Private Credit efforts,” said Peter Carey, Partner, Head of Business Development. “We are very excited to have Dominick on board as he brings invaluable experience that will benefit our longstanding institutional investors and support the development of new partnerships.”

About Axonic Capital

Founded in 2010, Axonic Capital offers commercial and residential real estate strategies, systematic fixed income and commercial lending strategies along with its structured credit expertise. Axonic Capital manages investment portfolios across Limited Partnerships, Separate Accounts, and two publicly registered Funds. The firm employs 55 professionals.

Contacts

Axonic Capital Media Contact:

Melissa Parvis

Head of Investor Relations

+ 1 212 828 7209

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (” Real ” or the ” Company “) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, today announced that it will release its second quarter 2022 financial results before market open on Thursday, August 11, 2022.

The Company will subsequently hold a conference call to discuss second quarter 2022 operating and financial results on Thursday, August 11, 2022, 11:00 AM EST. An archived replay of the webcast will also be available for one year by clicking the link below.

Conference Call Details:

Date:		Thursday, August 11, 2022
Time:		11:00 a.m. EST*
Dial-in Number:		North American Toll Free: 877-545-0523
		International: 973-528-0016
Access Code:		611683
Webcast:		https://www.webcaster4.com/Webcast/Page/2699/46223
Replay Number:		North American Toll Free: 877-481-4010
		International: 919-882-2331
Passcode:		46223
Webcast Replay:		https://www.webcaster4.com/Webcast/Page/2699/46223
*Participants are encouraged to dial in 5 to 10 minutes before the beginning of the conference call.

About Real

The Real Brokerage Inc. (NASDAQ: REAX) (TSX: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and two Canadian provinces with over 5,000 agents. Additional information can be found on its website at onereal.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s second quarter earnings call, the release of the second quarter financial results and the business and strategic plans of Real.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com