Cadre, DisruptAD Partner for International Expansion
DisruptAD, a regional venture platform, has announced a strategic investment in Cadre, a US-based technology-driven real estate investment platform that provides individuals the opportunity to invest alongside institutions in high-quality commercial real estate assets.
The investment comes after Cadre has raised capital from investors including Khosla Ventures, Andreessen Horowitz, Ford Foundation, General Catalyst and others. DisruptAD’s investment is from the Ghadan Ventures fund, which aims to support promising startups from around the globe to expand their footprint to Abu Dhabi and across the broader region.
As part of this partnership, Cadre will be expanding its corporate footprint to Abu Dhabi, and will work closely with DisruptAD to expand access for investors in the region to commercial real estate in the United States, and vice versa.
This partnership follows the recent announcement of the Cadre Direct Access Fund, which offers individuals a curated portfolio of commercial assets with lower minimums, lower fees, better underwriting, and a potential for liquidity that was never available to individual investors. The Cadre Direct Access Fund is also designed to accommodate investors in regions outside the United States, and DisruptAD’s investment will enable Cadre to expand its reach to individual investors in international markets.
Ryan Williams, Cadre’s Co-founder and CEO, said, “We’re grateful to DisruptAD for their partnership and support as we continue to grow our company. We were founded on the belief that all investors should have access to institutional quality assets, and we’re well on our way to making this goal a reality. We also see enormous potential in providing access to more investors everywhere, and this partnership is a big step forward on that journey.”
Mayank Singhal welcomed the new partnership with Cadre on behalf of DisruptAD and said: “We are pleased to back Ryan’s vision to democratize global access to real estate investing. He has built a world class real estate investment platform in Cadre, supported by best-in-class technology. We are excited for Abu Dhabi to be Cadre’s first international market and look forward to supporting the company as it provides investors in our region with access to commercial real estate assets in the United States.”
Cadre has delivered compelling returns for investors. Since inception, the company has closed more $3 billion in real estate transactions, delivering greater than 18% net IRRv and resulting in the return of more than $168vi million of capital to Cadre investors.
The Ghadan Ventures Fund is an AED 535 million fund under the Ghadan 21 program and is managed by DisruptAD. It is part of DisruptAD’s broader mission to support and nurture 1,000 start-ups over the next five years and create a thriving local community of founders, fund managers, incubators, and accelerators in Abu Dhabi.