FlexFunds, a provider of asset securitization services offering both turnkey or custom-built solutions that facilitate the setup and launching of exchange traded products, has issued its 500th Exchange Traded Product (ETP) for Driftwood Capital.
Driftwood Capital specializes in real estate strategies spanning acquisition, development, and lending and has a portfolio of assets under management of over US$ 3 billion and 1,200 active investors.
The ETP issued by FlexFunds under the denomination “Great North Partners II” facilitates Driftwood’s distribution of high-return mezzanine debt and loan investments in hotel assets throughout the United States.
Carlos J. Rodriguez, Chief Executive Officer and Chairman of Driftwood Capital said: “FlexFunds gave us the opportunity to distribute our investment products to a wider audience of foreign investors in a cost-efficient and effective manner. We plan to use FlexFunds for distributing not only our Hotel Lending Platform products but also for our Hotel Development and Acquisition Investment strategies. We see FlexFunds as a way to continue to increase our channels of distribution worldwide and continue to exponentially grow our US$ 3 billion + hotel portfolio.”
Emilio Veiga Gil, Executive Vice President, and Chief Marketing Officer of FlexFunds, said: “Through FlexFunds’ securitization program, we can convert any asset into a listed and Euroclerable security, allowing international investors to participate in any project easily. Driftwood Capital’s ETPs are a clear example of the advantages that asset securitization can offer, ranging from real estate to portfolios of listed securities or any other private equity project. Asset repackaging plays a key role in allowing investors to participate in a wide range of opportunities with lower levels of investment, thus democratizing access to capital markets.”