Derby Lane Racks Up $1.8 Billion For One of Biggest Real Estate Debuts

Adam Piekarski , who was previously co-head of the real estate credit business at BDT & MSD Partners, lined up $1.8 billion in commitments for his new firm, Derby Lane Partners, making it one of the largest launches ever in the sector.
Fortress Investment Group and Koch Real Estate Investments are among the companies backing Derby Lane, according to a statement Tuesday. Piekarski said in an interview that he created the credit firm to take advantage of a moment when lower property values and greater certainty on market fundamentals are creating the best lending environment in more than a decade.