Saluda Grade Acquires Hillcrest Finance

June 3, 2025

Saluda Grade, an alternative investment firm focused on asset-based finance, has acquired Hillcrest Finance, a minority- and women-owned commercial real estate (CRE) investment manager based in New York. The deal brings Hillcrest's full-time team into Saluda Grade and expands the firm's CRE finance capabilities while increasing Saluda Grade's assets under management to $2.5 billion.

Buyers
Saluda Grade
Targets
Hillcrest Finance
Location
New York, United States
Transaction Type
Buyout

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