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| Company type | Private |
|---|---|
| Industry | Financial technology Real estate |
| Founded | 2014 in New York, New York, United States |
| Founder | Ryan Williams |
| Headquarters | , |
Key people | Ryan Williams, CEO, Founder & Executive Chairman Dan Rosenbloom, Chief Investment Officer |
Number of employees | Over 100 |
| Website | cadre |
Cadre is a New York–based financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties.[1] The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction.[1] For example, 12 institutional investors (such as family offices and endowments) participated in a $60 million office building purchase.[2] The firm was named to Forbes' "FinTech50" for 7 years in a row starting in 2016.[3][4][5] In 2019, Cadre was the cover story of the Forbes "FinTech 50" issue.[6][7] In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre.[8][9] In 2020, Cadre announced its "Direct Access" fund intended to include smaller investors with a $400 million target raise.[10] The company also offers a managed portfolio service and a real estate secondary market, as well as a cash holdings account called "Cadre Cash".[11] The company has announced plans to address racial injustice in the United States by investing at least 10% of its Direct Access fund investments with minority-owned operators and increasing its cash held in black-owned banks.[10]
In 2023, Cadre launched Cadre Direct Access Fund II, a value-add fund aiming to raise $500mm to invest in opportunistic assets resulting from the capital markets dislocation. Most of its investors in the fund were expected to be institutional in nature.[12] In 2023, Cadre merged with Yieldstreet, a global alternative investment platform. Cadre CEO Ryan Williams will continue to serve as the CEO of Cadre, which will operate independently.[13] Prior to merger,Cadre received venture capital investment from several sources.[14][15]
- ^ a b "Google and Facebook employees are flocking to a startup that's raised ~$70 million to shake up the real estate world". Business Insider. Archived from the original on 2017-04-04. Retrieved 2017-04-04.
- ^ "Trump's Son-in-Law Hasn't Given Up Real Estate For Politics Yet". Bloomberg.com. 8 July 2016. Archived from the original on 7 April 2017. Retrieved 4 April 2017.
- ^ "Cadre CEO Says Data Processes, Services Give Them an Edge". Bloomberg.com. Archived from the original on 2017-04-07. Retrieved 2017-04-04.
- ^ Novack, Janet. "The Forbes Fintech 50 For 2016". Forbes. Archived from the original on 2017-04-04. Retrieved 2017-04-04.
- ^ "The Future of Real Estate: Fintech 50 2020". Forbes. Archived from the original on 2020-03-04. Retrieved 2020-07-18.
- ^ Communications, Forbes Corporate. "Forbes Releases Fourth Annual Fintech 50 List: The Future of Your Money". Forbes. Archived from the original on 2019-02-12. Retrieved 2019-02-11.
- ^ Vardi, Nathan. "Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?". Forbes. Archived from the original on 2019-02-12. Retrieved 2019-02-11.
- ^ "Goldman Commits $250 Million in Client Money to Real Estate Startup Cadre". Bloomberg.com. 2018-01-10. Archived from the original on 2018-01-14. Retrieved 2018-01-13.
- ^ "Real estate investing startup Cadre partners with Goldman Sachs". Reuters. Jan 10, 2018. Archived from the original on January 12, 2018. Retrieved 2018-01-13.
- ^ a b Gara, Antoine. "Fintech Cadre Launches $400M Fund Targeting Individual Investors And Will Back Underrepresented Real Estate Operators". Forbes. Archived from the original on February 2, 2021. Retrieved 2021-02-25.
- ^ "The Startup Trying to Disrupt Private Equity Firms | Institutional Investor". Archived from the original on 2018-11-22. Retrieved 2018-11-21.
- ^ Benson, Peter (2023-03-21). "Cadre launches second value-add fund". PERE. Retrieved 2024-01-17.
- ^ Cite error: The named reference
2023mergerwas invoked but never defined (see the help page). - ^ Drucker, Jesse (5 November 2017). "Kremlin Cash Behind Billionaire's Twitter and Facebook Investments; Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner's ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny". NYTimes.com. Retrieved 8 March 2018.
- ^ Four Corners; International Consortium of Investigative Journalists (5 November 2017). "Leaked documents link Trump's Commerce Secretary to Putin cronies". Australian Broadcasting Corporation. Retrieved 8 March 2018.