Cain

Cain International operates as an investment management firm dedicated to shaping the value of places, brands, and businesses globally. The firm was established through a partnership between its CEO, Jonathan Goldstein, and Eldridge Industries, a global investment firm led by Todd Boehly. With an approach characterized by insight, ambition, and a forward-looking perspective, Cain International strives to develop standout assets from their initial conception through to execution, creating properties, brands, and enterprises that are underpinned by a commitment to excellence.

The firm leverages its global network, established partnerships, and specialized expertise across the entire value chain to identify and access targeted opportunities. This strategic approach enables Cain International to navigate competitive and supply-constrained markets effectively. The company commits to each venture with conviction and capital, drawing upon decades of multi-market experience and applying a rigorous methodology to all its undertakings. Cain International operates with an ambitious and enterprising spirit, while also maintaining responsibility and flexibility, consistently seeking partnerships where all involved parties can achieve prosperity. The firm's team comprises over 100 specialized professionals, who focus on a partner-first approach, forming the foundation of every investment. This team combines deep knowledge across various markets and disciplines with creative thinking, refined taste, and a considerate approach that emphasizes the importance of human relationships.

Cain International functions as an alternative asset manager, specializing in real estate investment solutions. The firm focuses on private equity, real estate equity, and real estate debt investments across North America and Western Europe. Its global portfolio encompasses a diverse array of sectors, with particular emphasis on residential, hospitality, commercial, mixed-use developments, and leading brands. The firm's investment strategies are organized across four complementary platforms: Landmark Developments, which involves creating high-impact real estate in cities such as New York, London, and Beverly Hills; Supply Chain Infrastructure, focused on acquiring and funding the development of future-proof infrastructure; Living and Hospitality, which includes luxury hotels, branded residences, and student accommodation; and Sports and Entertainment. As of September 30, 2024, Cain International managed $17.7 billion in assets through its real estate equity, credit, and private equity platforms. Furthermore, as of March 31, 2025, the firm held $13.6 billion in equity assets under management globally.

Within its Living and Hospitality investment strategy, Cain International maintains a significant focus on purpose-built student accommodation (PBSA). The firm has developed an established PBSA platform through strategic development partnerships across the UK and Europe. In September 2023, Cain International announced a £500 million PBSA forward-funding deal designed to deliver 2,389 beds across major UK university cities. These projects include the 45-storey Arena Point in Leeds, which aims to provide 660 beds by 2026, and Rialto House in York, offering 275 beds by the 2025/26 academic year. Additional developments are planned for Liverpool, providing 420 beds by the 2025/26 academic year; Nottingham, with a nine-storey asset offering 522 beds due for completion in Q3 2025; and Manchester, where a 28-storey building will provide 509 student beds by the 2026/27 academic year. In June 2026, Cain International launched a dedicated London PBSA strategy, aiming to deliver 2,000 student beds in the capital, with the first project being a 353-bed development on the Greenwich Peninsula slated for completion before the 2029/30 academic year. The firm also expanded its European PBSA platform into the Italian market in July 2026 through a joint venture with Global Student Accommodation (GSA), developing a 561-bed project in Rome expected to open for the 2028–2029 academic year. Currently, Cain International's PBSA platform encompasses approximately 4,000 beds across major university cities, with stated ambitions to expand this platform to 10,000 beds over the next five years.