Another one of their investors is venture capitalist, General Catalyst Partners. General Catalyst also holds investments in AirBnB and and Snapchat. Cadre's positioning towards institutional money is pretty interesting.
The founders began working on the venture in the fall of 2014, and have secured a $250 million backstop from a large family office. Though Cadre has been in “stealth beta mode,” Williams said investors – including family offices and sovereign funds — have already closed on $50 million worth of deals through it.
“We’re looking to provide greater access to thoroughly institutional deal flow,” Ryan Williams, co-founder and CEO of Cadre, told TRD. Through the platform, investors can take a crack at specific deals rather than put their money into funds or real estate investment trusts, which don’t allow them to cherry-pick transactions.
