Blog

PLUM Lending Secures Series B Equity Investment with Elliott Management

SAN FRANCISCO, April 17, 2018 /Business Wire/ -- PLUM Inc., a San Francisco based fintech lender, announced today a Series B equity investment by the $35 billion hedge fund, Elliott Management.

Bill Fisher, PLUMs founder and CEO, said “Elliott Management is generally recognized as one of the savviest investors of the modern era, and PLUM is proud to partner with them in rapidly scaling our breakthrough business model into a national commercial real estate franchise”. Elliott’s decision follows earlier investments in PLUM by QED Investors and Renren Inc.

About PLUM: PLUM is using data science and artificial intelligence to re-imagine the $4 trillion commercial real estate mortgage market. To learn more, visit plumlending.com.

About Elliott Management: Elliott Management Corporation manages two multi-strategy hedge funds which combined have approximately $35 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest hedge funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Contact:
Julie Tyler
E: julie.tyler@plumlending.com

Disclaimer

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Ownership of real estate contains unique risks, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market. This article is not intended to replace competent legal, tax, investment or financial planning advice. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. Please contact your investment, tax and legal advisors for professional advice that is consistent with your personal situation. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Historical performance is not a reliable indicator of current or future performance.

Market Spotlight Portland, OR

Portland, OR is a PLUM market due to its sustainability initiatives, diversified job market, and relative affordability compared to other west coast cities. The industrial market in Portland has been the city’s top-performing sector over the past three years, with asking rents up approximately 25% from pre-COVID levels. Click Here to Download Full Market…

Market Spotlight Pittsburgh, PA

Pittsburgh, PA, is a PLUM SELECT 80 market due to its storied industrial history. Pittsburgh is widely known as Steel City, due to the long-standing presence and history of steel manufacturers, with US Steel still headquartered in the city. Forbes recently named it the best housing market for Baby Boomers. In addition, Pittsburgh has a long…

Market Spotlight Jacksonville, FL

Jacksonville, FL, is a PLUM SELECT 80 market due to its low unemployment rate, strong population growth, and diversified employment base. According to Global Trade Magazine, Jacksonville has been named as one of the best cities for logistics infrastructure due to its two deep-water ports, three major interstates, major railways, and an international airport…

Market Spotlight Nashville, TN

Nashville is a PLUM SELECT 80 market due to its dynamic population growth, access to prestigious college institutions, bustling hospitality sector, and business-friendly environment. Hospitality development is surging to keep up with demand from tourism. There are currently 3,700 new hotel rooms currently underway in Nashville. Recently Nashville was ranked as the #1 city…

Market Spotlight Cincinnati, OH

Cincinnati is a PLUM SELECT 80 market due to its youthful population, favorable tax climate, and robust manufacturing industry. The office sector has returned to positive ground after a negative 2020 and 2021 due to the COVID-19 pandemic. The industrial sector was recently ranked as the #1 city to buy industrial property in the…