Pretium Taps New MD for Southern Push as Assets Surpass $60 Billion

NEW YORK, NY – April 06, 2026 – Pretium, a specialized investment firm, has appointed Graham Dorland as a new Managing Director for Business Development, a strategic move signaling a deeper push into the southern United States. The hire comes as the firm's assets under management have swelled to over $60 billion, underscoring a period of aggressive growth and a sharpened focus on capturing opportunities in U.S. residential real estate and credit markets.

In his new role, Mr. Dorland is tasked with spearheading capital raising and product development, with a specific mandate to expand Pretium's footprint across the American South. The appointment leverages his decade-plus experience in building investor relationships at firms like Walton Street Capital and Dimensional Fund Advisors.

“Graham’s experience across institutional channels and his strong track record in building investor relationships make him a valuable addition to our team,” said Lee Alexander, Head of Pretium’s Business Development team, in a statement. “As we continue to expand our business development efforts, Graham’s regional focus and strategic perspective will help broaden our reach and further strengthen Pretium’s position in the market.”

The Southern Strategy: Following the Growth

Pretium's decision to concentrate its expansion efforts on the southern U.S. is a direct response to powerful demographic and economic trends reshaping the country. The region has become the nation's primary engine of growth, accounting for approximately 80% of total U.S. population growth over the past decade. Between 2020 and 2024 alone, the South added 7 million new residents and created 78% of all new jobs in the country.

States like Texas, which added over 560,000 residents in 2024, and Florida, a leader in net migration, are at the epicenter of this shift. This influx of people, drawn by job opportunities, favorable tax environments, and a lower cost of living, has created intense demand for housing. This dynamic makes the region a fertile ground for Pretium's core investment theses in residential real estate and credit.

The firm has already oriented its strategy toward this trend. Its single-family housing funds are designed to invest in build-to-rent homes in suburban markets with above-average population and economic growth—hallmarks of the modern Sunbelt. With a persistent underbuilding of housing nationwide, the continued migration to southern states is expected to fuel renter demand and create long-term value in these markets.

A Firm in High-Growth Mode

Dorland joins Pretium at a time of significant momentum. The firm's assets under management have climbed steadily, from over $40 billion in early 2022 to more than $60 billion today. This rapid expansion is a testament to its ability to attract and deploy capital effectively in its specialized sectors.

Recent capital-raising successes paint a clear picture of investor confidence. In April 2022, Pretium closed a residential credit fund at $1.7 billion, surpassing its target. In July 2024, it raised $1.5 billion for its sixth single-family housing fund aimed at expanding affordable build-to-rent housing. More recently, the firm secured $550 million in equity for its inaugural homebuilder finance vehicles in January 2025, a program designed to originate up to $5 billion in loans to address housing supply shortages.

This capital fuels a diversified and substantial platform. The firm's AUM is broken down into approximately $32 billion in real estate equity, $23 billion in residential credit, $4 billion in real estate debt, and $3 billion in corporate and structured credit. This specialized but scaled approach is managed by a global team of roughly 6,500 employees.

Navigating the Specialized Credit Landscape

Pretium has carved out a distinct niche by building a vertically integrated ecosystem for residential real estate and credit. This platform includes operating companies like Deephaven, a non-agency mortgage originator; Anchor Loans, a residential real estate lending specialist; and Selene, a mortgage servicer. This integration gives the firm control and insight across the entire lifecycle of an investment, a strategic advantage over competitors who may only operate in silos.

This model is particularly relevant in the current economic climate. As traditional banks have pulled back on certain types of lending, Pretium has stepped in to fill the void, providing crucial capital to private homebuilders in high-growth southern markets. Its data-driven approach to underwriting allows it to identify and finance projects in a disciplined manner, serving a market segment often overlooked by larger financial institutions.

The firm operates in a highly competitive arena, contending with giants like Blackstone and Goldman Sachs Asset Management, as well as specialized credit managers such as Rialto Capital Management and Berkshire Residential Investments. In this environment, deep regional expertise and strong investor relationships—the very skills Dorland brings—are critical for sourcing deals and securing capital.

For his part, Dorland expressed enthusiasm for the firm's strategic direction and its capacity to meet investor needs in a complex market.

“I’m excited to join Pretium and contribute to the continued growth of its platform. The firm’s integrated approach and differentiated strategies create a compelling foundation to meet the evolving needs of investors,” Dorland stated. “I look forward to deepening relationships across the southern U.S. and supporting the firm’s growth through enhanced client engagement and capital formation.”