Restructuring an existing capital stack — refinancing, replacing or repositioning the capital already in place on an asset.
Most recapitalizations are driven by a date, not a strategy: a maturity, a fund's end of life, a partner's redemption right. The constraint is time, and the work is assembling a replacement stack faster than the deadline arrives.
Carlton has placed more than $200 billion of equity and debt since 1991, across six continents and every major asset class. Willis Tower is one of the firm's landmark transactions — see the full record of closed transactions for the complete list.
Sponsors and developers — bring us your deal for equity and debt across the stack.
