Jonathan Strain, the co-head of U.S. Real Estate Finance at Goldman Sachs has left the company in order to start his own fund, Commercial Observer can first report.
The new fund will focus on purchasing B-pieces of commercial mortgage-backed securities, according to two people familiar with the move.
Mr. Strain co-led the U.S. Real Estate Finance group along with Ted Borter. He joined Goldman Sachs in 2014 after heading up JP Morgan Chase’s CMBS Capital Markets group for seven years. Prior to that, Mr. Strain held positions at Dillon Read Capital Management, UBS and Morgan Stanley.
Mr. Strain’s last day at Goldman was Friday of last week, according to one of the sources.
A spokesman for Goldman Sachs declined to comment. Mr. Strain could not immediately be reached for comment.