CRE and Tech Veterans Raise $15 Million Series A to Launch Palladius Capital Management
Austin-based Palladius Capital Management has announced its formation as a vertically integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies.
Palladius was launched in July 2021 and raised $15 million in a Series A round to capitalize its management entity, subsequently securing a sizeable equity subscription line. Investors include a portfolio company of Charlesbank Capital Partner; Timothy Dunn, Chairman of JE Dunn; Robert Yallen, CEO of the InterMedia Group of Companies; Shaun Arora, Cofounder of VC firm Milla Capital; and Max Cutler, Parcast Founder and Spotify executive.
Palladius is led by finance and technology veterans including CEO Nitin Chexal and Senior Managing Directors Manish Shah, Marko Velazquez and Jaime Hinojosa. Over the course of their respective careers, which overlapped for nearly a decade, this group has built, managed and led commercial real estate investment platforms on behalf of institutions and helped grow innovative technology companies.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.