Excorde Capital LLC

ExCorde Capital LLC is an SEC‑registered investment adviser that provides discretionary management to private investment vehicles, principally funds that invest in senior whole loans and other debt instruments secured by U.S. industrial and industrial‑alternative real estate assets. The brochure anticipates an investor base of institutional allocators, including endowments, foundations, public and private pension funds, funds‑of‑funds, corporations, family offices and high‑net‑worth individuals.

The firm’s stated strategy centers on originating whole loans to experienced middle‑market owners, operators and developers, with a focus on bridge and construction lending for value‑added and transitional industrial properties and limited preferred‑equity exposures. ExCorde describes a combined model of centralized headquarters oversight and decentralized regional origination and asset‑management teams, supported by rigorous screening, underwriting, active asset management and the potential use of subscription facilities and back‑leverage (e.g., NAV loans) to manage funding timing.

ExCorde was formed in 2024 and, at the time of the brochure, had not yet commenced advisory operations or reported regulatory assets under management, though it registered in anticipation of reaching $100 million. The brochure also discloses typical private‑fund features such as carried‑interest arrangements, sponsor‑retained fees and side‑letter possibilities, and—uncommonly for pooled‑vehicle managers—indicates that the firm advertises predecessor performance and cites third‑party ratings in its materials.