The Related Companies, Inc.

MSD Capital invests in companies across the globe. The firm invest in a broad range of sector. They makes control investments and provides equity and debt financing for buyouts, LBOs, MBOs, public to private transactions, PIPEs, and growth capital requirements. The firm typically makes investments from $100 to $250 million per transaction.While they maintain a generalist approach with regard to industries and transaction structures, they generally seek to invest in non-technology companies as a means to diversify their portfolio.MSD seeks investments with the following characteristics: solid business fundamentals including recurring revenue, high margin businesses with organic growth potential and favorable long-term prospects. They also seek investments in companies with stable, predictable operating earnings and free cash flow as evidenced by consistent operating history, a strong and sustainable market position based on high barriers to entry, attractive valuations and favorable transaction structures. Other considerations are sensible valuation multiples with attractive free cash flow yields, conservative leverage ratios with emphasis on safety of principal and strong management teams.MSD also engages in special opportunities investing. The group focuses on a variety of event-driven investment strategies including distressed debt investing, equity restructurings, direct investments and merger arbitrage.The firm's Partnership Investments group invests in a select number of investment partnerships across a variety of investment disciplines and asset classes, including hedge funds employing specific public equity and fixed-income strategies, private equity funds and real estate. They seek to generate superior risk-adjusted and tax-efficient returns by concentrating their investments with outstanding managers who collaborate with the firm to build economically aligned, long-term strategic relationships.

REPIA invests proprietary capital in real estate opportunities worldwide. They seek to identify structure and finance the acquisition of real estate assets and management companies through the purchase of, among other things, equity interests, mortgages and operating companies that focus on high-growth 'platform' opportunities (hotel, parking and storage companies).