Family Offices & Institutions

Product Development for Foreign Private Bank

Pain Point
A foreign bank sought to create a U.S.-based sub-advised product for its private banking client base. The bank was seeking thought leadership and a team to create and manage an investment vehicle investing in U.S. real estate.

The complexity of structural, regulatory, privacy and tax challenges in different countries required a bespoke and highly customized solution. Mack & Co. partnered with a multibillion real estate manager to create and structure a sub-advised real estate vehicle for the bank’s private clients.

We successfully partnered with a global real estate asset manager and worked with the bank’s product development team to create a highly structured product solution which met the bank’s investment goals and allowed it to increase its assets under management from its private banking clients.