Macquarie Asset Management has appointed Bob Restrick as a senior adviser to help expand its US real estate private credit platform.

In the role, Restrick will focus on growing the firm’s origination capabilities and identifying new lending projects across the US real estate debt market, including infrastructure opportunities in key metropolitan areas.

The appointment comes as Macquarie continues to broaden its US real estate credit business. The platform was initially focused on long-dated, investment-grade opportunities and has since expanded into alternative credit strategies adjacent to infrastructure credit.

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Prior to joining Macquarie, Restrick founded Kuvare Asset Management’s commercial real estate (CRE) platform, growing it into a platform that originated and managed more than $5bn (£3.7bn) of commercial mortgage-backed securities and CRE investments for the group insurance companies. He later oversaw its transition to Blue Owl Asset Management.

Prior to that, he held senior roles at Sabal Capital Partners, Walker & Dunlop, Annaly Capital Management, CWCapital and GMAC Commercial Capital.

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“Bob has a successful track record of building and scaling real estate credit platforms in segments where our clients are actively looking to deploy capital,” said Hugo James, managing director at Macquarie Asset Management. “His experience across investment-grade credit and more complex, higher-yielding structures makes him ideally placed to help grow the platform.”

Macquarie Asset Management is a global investment manager overseeing $497.6bn in assets.

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