Joseph StecherFounder & CEO at Candlewood Interiors
Candlewood Investors does two things. Joseph Stecher's main business is raising equity for real estate entrepreneurs who have built big businesses with little or no institutional equity, and now want to gain entry into the institutional tent. For the most part his clients are at the pre-fund stage and want to form a venture with an LP such as a private equity fund, insurance company, pension fund or endowment, sovereign wealth fund, professional family office, or investment manager.
Joseph also advises real estate technology startups – generally pre-seed through B round, with a focus on product market-fit, finding customers, finding investors, board members, and JV or merger partners.
Joseph has committed US$5 billion (equity) to investments in the US, Europe, Asia, and Latin America, first at GM Pension and then at Morgan Stanley and Goldman Sachs, where he founded the real estate fund of funds businesses at both firms. Joseph has been an institutional LP, a GP, and now a placement agent running his own firm.