Ep.14 Michael O'Malley – University of Notre Dame

Fitzgerald Institute for Real Estate

The Fitzgerald Institute for Real Estate seeks to be a preeminent center for the study of real estate through its research, teaching, and industry engagement while also providing a distinctive voice in promoting human flourishing and the common good.

https://realestate.nd.edu/about/

Private Equity

Private equity is capital invested in companies not listed on a stock exchange or publicly traded. Private equity funds buy public and private companies with the goal of increasing their value over a number of years before selling them.

https://www.investopedia.com/articles/stocks/09/abcs-of-private-equity.asp

Pennybacker Capital

Pennybacker Capital builds real asset investment platforms. Pennybacker captures value across the risk spectrum, capital stack, and market segments for their partners. Pennybacker Capital aims to produce outsized returns by applying lessons learned, near real-time insights, and predictive analytics to optimize property values, evolve business plans, and drive outsized portfolio performance.

https://www.pennybackercap.com/approach

Capital Formation

Capital formation is the process of getting money ready to deploy into a deal. In real estate, capital formation takes place around three primary events: developing a new property/building, acquiring a new asset (property, building, land), refinancing/recapitalization.  
https://blog.stacksource.com/what-is-capital-formation-in-real-estate-d48be82be013

Investor Relations

Investor relations is a strategic management responsibility that integrates finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation.  
https://www.dfinsolutions.com/knowledge-hub/thought-leadership/knowledge-resources/what-investor-relations#

Bankruptcy Restructuring

Restructuring is an action taken by a company to significantly modify the financial and operational aspects of the company, usually when the business is facing financial pressures. Restructuring is a type of corporate action taken that involves significantly modifying the debt, operations, or structure of a company as a way of limiting financial harm and improving the business.

https://www.investopedia.com/terms/r/restructuring.asp

Bulge Bracket Firm

Bulge bracket is a slang term used in banking and the financial services industry to describe the world’s largest investment banks. These banks are known for handling large corporate clients and deals, and they have the most recognizable names in the banking sector — Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, JP Morgan Chase, Morgan Stanley, etc.

https://corporatefinanceinstitute.com/resources/career/what-is-bulge-bracket/

Investment Banking

Investment banking is a type of banking that organizes large, complex financial transactions such as mergers or initial public offering (IPO) underwriting. These banks may raise money for companies in a variety of ways, including underwriting the issuance of new securities for a corporation, municipality, or other institution. They may manage a corporation's IPO. Investment banks also provide advice in mergers, acquisitions, and reorganizations.
https://www.investopedia.com/terms/i/investment-banking.asp

Venture Capital

Venture capital (VC) is a form of private equity and a type of financing for startup companies and small businesses with long-term growth potential. Venture capital generally comes from investors, investment banks, and financial institutions. Venture capital can also be provided as technical or managerial expertise.

https://www.investopedia.com/terms/v/venturecapital.asp

B2B

Business-to-business (B2B), also called B-to-B, is a form of transaction between businesses such as a manufacturer and wholesaler or a wholesaler and a retailer. Business-to-business refers to commerce that's conducted between companies rather than companies and individual consumers.

https://www.investopedia.com/terms/b/btob.asp

Investment Management Firm

Investment management firms invest their clients’ money. They choose the right selection of investments - from fast-growing, risky stocks to safe but slow-growing bonds. The aim is to achieve the return the client needs at a level of risk they’re comfortable with. Investment management firms take on all the effort of creating an investment portfolio for their clients and open up new investment opportunities that wouldn’t otherwise be available.

https://www.brightnetwork.co.uk/career-path-guides/asset-investment-management/investment-management-firm/

Net Lease Property

Net lease in commercial real estate requires lessees to pay some or all costs associated with property ownership in addition to rent, which is often reduced. This includes some combination of taxes, maintenance and insurance fees. Net leases have longer terms than other lease agreements

https://www.dealpath.com/blog/net-lease-real-estate-definition/

Real Estate Private Equity

Real Estate Private Equity (REPE) refers to firms that raise capital to acquire, develop, operate, improve, and sell buildings in order to generate returns for their investors. If you’re familiar with traditional private equity, real estate private equity is the same, but with buildings.

https://www.wallstreetprep.com/knowledge/real-estate-private-equity-career-guide/#

Portfolio Company

A portfolio company is a company (public or private) that a venture capital firm, buyout firm, or holding company owns equity. In other words, companies that private equity firms hold an interest in are considered portfolio companies. Investing in a portfolio company aims to increase its value and earn a return on investment through a sale.

https://corporatefinanceinstitute.com/resources/management/portfolio-company/

Acquisition Manager

An Acquisition Manager is a strategic professional who specializes in procuring assets, services, or companies to foster growth and enhance an organization's competitive position. They are adept at identifying valuable acquisition targets, conducting due diligence, and negotiating terms to optimize the value of deals.
https://www.tealhq.com/career-paths/acquisition-manager#

LOI (Letter of Intent)

A letter of intent (LOI) is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal. Commonly used in major business transactions, LOIs are similar in content to term sheets. However, LOIs are presented in letter formats, while term sheets are structured as lists.

https://www.investopedia.com/terms/l/letterofintent.asp

Flagship Fund

Typically the oldest of a group´s products or the one that boasts the largest assets under management.  
https://www.morningstar.co.uk/uk/glossary/98113/flagship-fund.aspx#

LP (Limited Partner)

A limited partner (LP) is an investor who contributes capital to a business partnership in exchange for a proportionate share of the venture’s profits. A limited partner is not involved in the day-to-day business operations and has limited liability for any debts the business might incur.  
https://carta.com/learn/private-funds/structures/limited-partner/