Subscribe to our newsletter for differentiated insights and updates
From capital raises and acquisitions to leadership appointments and media features, investment partners continued to make headlines in July. This month’s roundup highlights updates from Alterra, Legalist, Turning Rock, Canopius, and Oaktree—reflecting both strategic momentum and sector-specific activity across real assets, receivables finance, insurance, and digital infrastructure.
Alterra: A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States and Canada.

In July, Alterra announced the acquisition of 12 Class A IOS properties totaling 43.3 usable acres and 165,000+ sq. ft. of warehouse space. Fully leased to a national equipment rental firm, these assets span metros including Austin, Phoenix, Raleigh-Durham, Sacramento, and Tampa. According to SVP Mark Gannon, demand for high-quality IOS continues to rise amid sector consolidation and evolving tenant needs. Read More>>>
Additionally, the firm acquired an industrial outdoor storage facility near Houston, featuring a 30,000-square-foot warehouse fully leased at the time of sale to a national building materials distributor. Read More>>>
Finally, Alterra closed a $343.6 million loan facility arranged by Truist and BMO, secured across 64 IOS properties in 22 states. The financing supports Alterra IOS Venture II, a $524 million equity fund, and was used to refinance maturing loans and reduce overall borrowing costs. Read More>>>
Canopius: Canopius is a global specialty and Property & Casualty (re)insurer with offices in the UK, the US, Bermuda, Singapore and Australia.

The firm recently promoted Ben Pinnington to head of marine and energy treaty and confirmed the appointment of Imogen Wright to the team. Read More>>>
Additionally, Canopius has named Micia Yong as head of property and specialty treaty for the Asia Pacific region, effective July 4. Yong joins Canopius with more than 16years of experience in reinsurance underwriting and broking across the region. She was most recently executive director of strategic solutions APAC at Gallagher Re Singapore. Read More>>>
Legalist: Founded in 2016, Legalist is a tech-enabled alternative investments manager. It specializes in litigation finance, bankruptcy and government receivables strategies.

The firm was featured in the Financial Times as its government receivables business saw a significant increase in activity this year, driven by US contractors being cut off by DOGE. Since January, Legalist has deployed over$100 million in financing to dozens of contractors—more than doubling the strategy’s previous book of business. The firm is now targeting a $250 million capital raise to expand the strategy. Read More>>>
Oaktree: Oaktree is a global investment firm specializing in alternative investment strategies emphasizing a value-oriented and risk-controlled approach to deliver superior returns.

In a recent Bloomberg podcast, Ross Rosenfelt, Managing Director in Oaktree’s Opportunities group, explained why sponsors may be steered in the wrong direction when they put credit opportunity funds on their DQ (Disqualified Lender) list. Catch the full podcast on the state of distressed debt below. Listen Now>>>
Turning Rock Partners: Turning Rock seeks to make long-term investments in debt and equity securities of North American small and mid-capitalization businesses.

The firm announced the sale of South Reach Networks, a leading hybrid fiber, colocation, and transport services provider. The business was acquired through a control buyout by a fund managed under Blue Owl Capital’s Digital Infrastructure strategy. Read More>>>