Amalgamated Bank offers investment management and fiduciary services for clients' Private Equity investment programs. We seek to provide superior, long term returns through careful selection of a diversified portfolio of high quality managers. We are qualified to serve as a Qualified Professional Investment Manager (QPAM) and assist clients in developing and implementing a Private Equity investment program. We provide monitoring and reporting services as well as the coordination of capital calls and distributions. We currently manage over $1.4 billion of private equity commitments for our clients.
LongView Private Equity strategy is a closed-end investment vehicle for investing in a diversified set of private equity strategies and is seeking a long-term return in excess of public equity markets. The strategy was established in 2006 and is closed to new investors.
The LongView ULTRA fund was created to provide a sound means to invest in a portfolio of high-quality, short-term construction loans secured by the projects being built. All projects financed by LongView ULTRA use 100% union labor and have created over 3.0 million hours of union labor. This fund is available to all qualified pension plans.
Learn more about LongView ULTRA:
Amalgamated Bank's construction loan strategy began in November 1998 and the first project closed in August 1999. As of December 31, 2011, the fund had 35 projects with a fund value of $567.6 million. The Fund is a commingled trust established under the laws of the State of New York. The trustee, investment manager, and custodian are Amalgamated Bank.
An Investment Committee established by Amalgamated Bank reviews all LongView ULTRA loans. The Investment Committee includes Amalgamated Bank's Chief Credit Officer, the Executive Vice President and Senior Vice President of the Bank's Commercial lending group, Chief Trust Officer, and Chief Investment Officer, the LongView ULTRA Portfolio Manager, Credit Risk Senior Vice President and an independent real estate consultant. There is a three-step loan approval process.
LongView ULTRA Portfolio Manager, Senior Vice President & Chief Real Estate Officer James T. Freel has over 30 years in the real estate business. He is based in our New York, NY office and can be reached at:
James T. Freel, Senior Vice President & Chief Real Estate Officer
275 7th Avenue
New York, NY, 10001
Direct Telephone: 212-895-4934