Mainstreet® ramping up capital markets business
MAINSTREET® RAMPING UP CAPITAL MARKETS BUSINESS
June 2, 2015
CARMEL, Ind. – The nation’s largest developer of post-acute health care properties has launched a multipronged capital markets effort. The move is the latest illustration of Mainstreet’s commitment to its mission to transform lives.
“Mainstreet’s success has been driven by innovation, strategic vision and access to capital,” said Zeke Turner, founder and CEO of Mainstreet. “Developing meaningful partnerships with investors enables us to continue to transform the way health care is delivered through our award-winning, best-in-class properties.”
In an effort to institutionalize the company’s fundraising business, Mainstreet has launched Mainstreet Capital Partners, LLC, a FINRA-registered broker-dealer. Scott White, executive vice president of investments at Mainstreet, will lead Mainstreet Capital Partners, LLC.
“We are committing the resources and capital to make sure we have an industry-leading capital markets business,” White said. “Access to the highest-quality capital partners is important to the successful implementation of our strategy.”
As part of the broker-dealer launch, Mainstreet has hired Brian O’Grady as the managing director - global head of fundraising. O’Grady previously worked at Brookfield Asset Management as a senior vice president and a private equity specialist in the private funds group, as well as the Park Hill Group at Blackstone as a principal.
“I’m humbled to work with such an innovative group and I look forward to sharing the company’s vision and opportunity with investors globally,” O’Grady said. “This is an exciting company and investment strategy that I am certain investors will find appealing.”
As an initial step toward building a capital markets platform, Mainstreet also announced the closing of Mainstreet Development Fund II, LLC, a $75 million private equity fund focused on the development of transitional care (short-stay rehabilitation and therapy) properties across the United States. Heavenrich & Company, Inc. acted, in part, as an advisor to Mainstreet with respect to Mainstreet Development Fund II, LLC.
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