Inland Real Estate Investment sets deal with Sound Point

OAK BROOK - Inland Real Estate Investment Corp. announced a strategic relationship with Sound Point Capital Management, an alternative credit strategies firm.

Sound Point oversees more than $10 billion in assets under management across a diversified suite of credit products and manages money on behalf of institutions, pensions, foundations, insurance companies, wealth management firms, family offices and high-net worth individuals. The company was founded in 2008 by Stephen Ketchum in conjunction with certain principals of Stone Point Capital, a global private equity firm that has raised more than $13 billion in equity capital. Ketchum has more than 24 years of credit structuring, advisory and investment management experience and a successful track record of building and managing teams.

Sound Point, through a newly-created affiliate, will serve as subadvisor for an Inland Investments product.

"We are excited to partner with Sound Point, given their well-respected and proven track record in credit strategies over multiple economic and market cycles," said Mitchell Sabshon, president and chief executive officer of Inland Investments. "Through this partnership, we intend to create alternative income solutions that will help investors succeed in a broad array of economic, interest rate and credit environments."

As previously announced in an industry-leading policy change, Inland Investments' new non-listed REITs will not charge any transaction fees, providing a lower, institutional-type structure to investors.

"We believe this fee structure will have a positive impact on entity-level performance and underscores Inland Investments' commitment to standing shoulder-to-shoulder with our investors," said Sabshon.