Stockbridge Capital Group

{{Short description|Private-equity estate investment company}}

{{Infobox company

| name = Stockbridge Capital Group, LLC

| logo = Stockbridge Capital Group Logo.svg

| logo_size =

| type = Private

| foundation =

| founder = Terry Fancher and Sol Raso

| key_people =

| location_city = San Francisco, California

| industry = Land development, Private Equity Real Estate

| products =

| assets = $33.9 US billion

| homepage = [http://stockbridge.com/ Official website]

| num_employees =

}}

Stockbridge Capital Group is a private-equity real estate investment company based in San Francisco, led by Terry Fancher and Sol Raso. Currently, the company has approximately $34 billion in assets under management.

The company owns the Hollywood Park Casino in Inglewood, California and is partners with Kroenke Sports & Entertainment on SoFi Stadium and its surrounding development dubbed as Hollywood Park.{{cite web|title=Text of the Measure - City of Champions Revitalization Project|first=Robert|last=Campbell|url=http://championsinitiative.com/the-initiative/text-of-the-measure/|publisher=Champions Initiative|year=2015|access-date=June 10, 2015|url-status=dead|archive-url=https://web.archive.org/web/20150402114824/http://championsinitiative.com/the-initiative/text-of-the-measure/|archive-date=April 2, 2015|df=mdy-all}} Stockbridge purchased the property in July 2005 from Churchill Downs Incorporated for $260 million in cash and operated Hollywood Park Racetrack until 2013.{{cite web|url=https://www.businesswire.com/news/home/20050706005928/en/Churchill-Downs-Incorporated-Sell-Hollywood-Park-Bay|title=Churchill Downs Incorporated to Sell Hollywood Park to Bay Meadows Land Company; Racing Operations to Continue at Historic Inglewood Racetrack|author=|date=|website=businesswire.com|accessdate=10 April 2018}} Stockbridge also owns more than 200 manufactured home communities through Yes! Communities. They have received $1.3 billion in financing from Fannie Mae, which they used to acquire more manufactured homes. In 2016, Stockbridge sold part of Yes! to GIC Private Limited and the Pennsylvania Public School Employees' Retirement System (PSERS).{{Cite news| title = A billion-dollar empire made of mobile homes| author = | newspaper = Washington Post| date = | access-date = 15 February 2019 | url = https://www.washingtonpost.com/business/economy/a-billion-dollar-empire-made-of-mobile-homes/2019/02/14/ac687342-2b0b-11e9-b2fc-721718903bfc_story.html}}{{Cite web| title = GIC among two investors buying 71 percent stake in U.S....| work = U.S.| date = | access-date = 15 February 2019| url = https://www.reuters.com/article/us-gic-property-usa/gic-among-two-investors-buying-71-percent-stake-in-u-s-manufactured-housing-business-idUSKCN10R01L| quote = }}{{Cite web| title = PSERS Yes Holdings LP| author = | work = psers.pa.gov | date = | access-date = 15 February 2019 | url = https://www.psers.pa.gov/About/Board/Resolutions/Documents/2018/res01.pdf | language = | quote = }} Stockbridge in addition owns Bay Meadows, a master planned community in San Mateo, California that was formerly the site of Bay Meadows Racetrack. The company owns The Burbank Studios in Burbank, California, formerly NBC's NBC Studios in a joint venture with M. David Paul & Associates.

The firm formerly owned 140 New Montgomery known as the Pac Bell Building in San Francisco from 2007 until April 2016.{{Cite work|title=An Abandoned Skyscraper: The Pac Bell Building|url=https://www.terrastories.com/bearings/pac-bell-san-francisco|last=Haeber|first=Jonathan M.|language=en-US|publisher=Chronicas Media|location=Richmond, California|access-date=2 January 2019}}{{Cite news|url=https://www.bizjournals.com/sanfrancisco/news/2016/12/15/soma-foundry-square-san-francisco-tishman-jpm.html|url-access=limited|last=Li|first=Roland|title=Developers double their money with $350 million SoMA office sale|date=15 December 2016|work=San Francisco Business Times|language=en-US|access-date=17 December 2018}} It also formerly owned the SLS Las Vegas from October 2015 until April 2018.{{cite news|title=Industry veteran to manage struggling SLS Las Vegas|newspaper=Las Vegas Review-Journal|first=Todd|last=Prince|date=April 5, 2018|url=https://www.reviewjournal.com/business/casinos-gaming/industry-veteran-to-manage-struggling-sls-las-vegas/|accessdate=December 8, 2018}}

In October 2019, Stockbridge Capital Group planned to raise up to $500 m (€453.5 m) for a new US real estate fund with value added.{{Cite web|last=|first=|date=15 October 2019|title=Stockbridge plans $500m capital raise for fourth US value-add property fund|url=https://realassets.ipe.com/stockbridge-plans-500m-capital-raise-for-fourth-us-value-add-property-fund/10033828.article|archive-url=|archive-date=|access-date=24 June 2020|website=IPE Real Assets}}

In November 2019, Stockbridge Capital Group purchased a US commercial estate of 8.7 million sqft from Hillwood Development Company for $800 million (€725.1 m).{{Cite web|last=|first=|date=12 November 2019|title=Stockbridge acquires $800m US industrial portfolio from Hillwood|url=https://realassets.ipe.com/stockbridge-acquires-800m-us-industrial-portfolio-from-hillwood/10034510.article|archive-url=|archive-date=|access-date=24 June 2020|website=IPE Real Assets}}

In June 2020, David Egan joined as senior vice president of Stockbridge Capital Group.{{Cite web|last=|first=|date=30 June 2020|title=This Week's Chicago Deal Sheet|url=https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-105026|archive-url=|archive-date=|access-date=8 July 2020|website=Bisnow}}