Nancy Lashine, founder of Park Madison Partners, shares her New York City career story and endless insights on how she found her business passions and built a dynamic network, all while navigating a growing family, market setbacks and evolving partnerships.
Ep.15 Nancy Lashine – Park Madison Partners
Show Notes
Park Madison Partners
Park Madison Partners is a boutique New York-based capital solutions and advisory firm for global real estate alternative investments. With deep relationships across the institutional investor community, we are committed to creating value for our clients and their investors.
https://www.parkmadisonpartners.com/about-us
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
Lehman Brothers
Lehman Brothers was a global financial services firm. It provided investment banking, trading, investment management, private banking, research, brokerage, private equity, and associated services.
https://www.investopedia.com/terms/l/lehman-brothers.asp
Angelo Gordon
A diversified credit and real estate investing platform within TPG, a leading global alternative asset management firm. TPG Angelo Gordon manages approximately $78 billion* across a broad range of credit and real estate strategies and has been investing on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds and individuals for 35 years.
https://www.angelogordon.com/about/
L.F. Rothschild
L.F. Rothschild (later known as L.F. Rothschild, Unterberg, Towbin) was a merchant and investment banking firm based in the United States and founded in 1899. The firm collapsed following the 1987 stock market crash.
https://dbpedia.org/page/L.F._Rothschild
Real Estate Financing
Real estate financing is generally used to describe an investor's method of securing funds for an impending deal.
https://www.fortunebuilders.com/p/real-estate-financing/
Institutional Investors
Institutional investors invest in a wide variety of real estate assets, including multifamily properties, office buildings and retail, as well as those in newer or more niche sectors, such as student housing, self-storage, data centers and life science properties.
https://www.jpmorgan.com/insights/real-estate/real-estate-banking/institutional-real-estate-investing-how-it-works
Pension Funds
Institutional investment funds established by employers to provide retirement benefits for employees. These funds often allocate a portion of their assets to real estate investments to diversify their portfolios and generate long-term returns.
https://quickonomics.com/terms/pension-fund/
Endowments
Funds established by institutions, such as universities or nonprofit organizations, to support their ongoing operations. Endowments typically invest in various asset classes, including real estate, to grow their principal and generate income to sustain their mission.
https://www.investopedia.com/terms/e/endowment.asp
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
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
Crypto (Cryptocurrency)
Cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralized networks using blockchain technology—a distributed ledger enforced by a disparate network of computers.
https://www.investopedia.com/terms/c/cryptocurrency.asp
Client Relations Manager
Client relations managers are professionals who work to build, maintain and strengthen a company's relationship with a client. They work with clients to build strategies to overcome any challenges their business may face. They communicate with clients to better understand what goals they aim to accomplish and demonstrate how their company's product or service can help them meet these objectives and benefit their business.
https://www.indeed.com/career-advice/career-development/client-relations
Capital
Capital is a broad term that can describe anything that confers value or benefit to its owners, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual.
https://www.investopedia.com/terms/c/capital.asp
Consulting
Consulting is a term for providing business advice on various topics including, corporate strategy, product development, marketing, information technology, and operational improvement.
https://www.myconsultingoffer.org/what-is-consulting/
GFC (Global Financial Crisis)
Refers to the severe worldwide economic downturn that occurred from 2007 to 2009, triggered by the collapse of the subprime mortgage market in the United States. The GFC had significant impacts on global financial markets, including the real estate sector, leading to widespread declines in property values, increased foreclosures, and disruptions in credit markets.
https://corporatefinanceinstitute.com/resources/economics/2008-2009-global-financial-crisis/
Public Pension Plan
A public pension plan is a retirement system that's funded by contributions from employees and employers, and administered by the government. The goal of a public pension plan is to pay for retirement benefits before retirement begins.
https://www.nirsonline.org/wp-content/uploads/2017/11/final_module1_public_pension_basics.pdf
Fiduciary
Fiduciaries are persons or organizations that act on behalf of others and are required to put the clients’ interests ahead of their own, with a duty to preserve good faith and trust. Fiduciaries are thus legally and ethically bound to act in the other’s best interests.
https://www.investopedia.com/terms/f/fiduciary.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/
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
Asset Manager
Asset managers focus on maximizing a property's value for investment purposes. They are responsible for finding the best tenants (those that will pay the most rent and are the most reliable), filling any vacancies rapidly, negotiating lease terms, and hiring property managers.
https://www.investopedia.com/ask/answers/040815/what-does-asset-management-mean-regards-real-estate.asp#
Real Estate Developer
A real estate developer is a company or individual who finds and buys land suitable for their project, improves it accordingly, and builds on it.
https://www.realestatewords.com/developer/