As our RTC related activity wound down, our acquisitions focus shifted to special situation loans and real estate from banks, insurance companies and larger opportunity funds. PNL financed these acquisitions directly and with a number of private sector partners including Blackacre Capital which was our financial partner from 1995 to 2006. 

In 2005, PNL raised a discretionary fund, PNL Insitutional Partners, L.P., with top-tier institutional investors and substantial internal equity. We are using this nearly $400 million of purchasing power to provide real estate venture capital to middle-market real estate entrepreneurs throughout the United States and Canada, as well as to acquire opportunistic loans and property. 

Though markets have changed since we were founded, PNL’s fundamental focus remains financing and acquiring special situation real estate and mortgages with an outstanding team of professionals and staff.