Real estate investment and services firm Procaccianti Companies has hired Brendan McCormick to lead its new private credit platform Smith Hill Capital LLC.
Smith Hill has been formed to invest in opportunities across the entire commercial real estate debt capital structure and to be a provider of liquidity in this market. “I am extremely pleased to join the Procaccianti Companies and to lead Smith Hill Capital,” said McCormick. “I have enjoyed a longstanding relationship with principals of Procaccianti Companies and look forward to representing the firm as we build a best-in-class commercial real estate debt investment management business.”
He joins Smith Hill Capital following a more than 20-year career having held positions with Axonic Capital, where he ran the commercial real estate loan business, Guggenheim Structured Real Estate Advisors, Related Capital and Rockwood Realty. McCormick and Procaccianti Companies have collaborated on multiple successful transactions throughout their tenured relationship.
“We’ve worked with Brendan for many years, and we’re thrilled to have him join our team to lead Smith Hill Capital,” said Rob Leven, chief investment officer, Procaccianti Companies. “Brendan is highly respected throughout the industry and his experience aligns perfectly with our growth plans for our credit platform.”