PSP investing in real estate advisory and tech firm
The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and residential real estate finance industries.
The PSP joins previous backer, private equity firm Stone Point Capital, which will remain SitusAMC’s largest shareholder.
Read: PSP subsidiary starts development consultations for Toronto property
“SitusAMC has a bold vision for their industry, supported by a proven leadership team, a strong operational foundation and world-class services and technology offerings,” said Martin Longchamps, managing director of private equity at the PSP, in a press release. “We look forward to supporting the team, alongside Stone Point, in its next phase of growth.”