Gemspring Capital, a middle-market private equity firm, acquired a controlling interest in and provided additional growth capital to A10 Capital, a Boise and Dallas based provider of middle-market commercial real estate loans.
The investment has been made alongside Schroders, a global asset manager. Existing A10 shareholders, including H.I.G. Capital, and management, will be retaining significant minority equity interests in the company.
Concurrent with the investment, Schroders and A10 have entered into an agreement through which Schroders will use A10’s origination network and servicing platform to access middle-market CRE loan opportunities for its clients.
The agreement also provides A10 with the opportunity to diversify its balance sheet funding model.
Led by Jerry Dunn, CEO, A10 is a provider of commercial real estate mortgage solutions in the United States with loans ranging from $1 million to over $30 million for commercial properties.
For single-family rental (SFR) portfolios, A10 is an authorized seller/servicer of the Freddie Mac Affordable SFR pilot program. The firm’s platform includes in-house underwriting, legal, and servicing.