Pretium Partners
Pretium Partners, LLC (Pretium) is an American alternative investment firm headquartered in New York City. The firm focuses on investments in residential real estate as well as Corporate and Structured Credit.
Headquarters at 810 Seventh Avenue | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2012 |
| Founder | Don Mullen |
| Headquarters | 810 Seventh Avenue, New York City, U.S. |
Key people | Jonathan Pruzan (President) |
| Products | Alternative investments Private equity real estate Private credit |
| AUM | US$51.3 billion (September 30, 2022) |
| Subsidiaries | Anchor Loans Deephaven Mortgage HavenBrook Homes Progress Residential Selene Finance LP |
| Website | pretium |
In 2022, the firm was ranked by PERE (under Private Equity International) as the fifteenth largest private equity real estate firm based on total fundraising over the most recent five-year period.
It is stated to have a portfolio of 85,000 homes as of late 2022 making it the second largest owner of single-family rental homes in the United States behind Invitation Homes.
The firm has attracted controversy for its strategy of buying up large number of homes then charging tenants with high rental fees while providing poor maintenance. It has also been accused of evicting tenants who cannot pay rent during the COVID-19 pandemic despite COVID-19 eviction moratoriums being placed by the Centers for Disease Control and Prevention (CDC).