ReAL EState Private equity
This panel will focus on the ever-larger role that real estate is playing in the PE asset class, with incumbents increasing their real estate allocations and numerous private equity firms raising their first dedicated real estate funds. A panel of general partners, limited partners and private equity advisors will discuss the factors that are fueling this trend and its implication for the future of private equity.
Moderator
David Snow - Co-Founder and CEO, Privcap
Snow began building Privcap in late 2010. He has been covering the global private investment market as a journalist for 13 years. Until November 2010, he was Editor in Chief of PEI Media, the leading provider of news and information for the global alternative investment industry, with offices in London, New York, Singapore and Hong Kong. Snow played a key editorial role across PEI’s editorial products, events and business strategies, including the launch of news services for the private equity, real estate and infrastructure asset classes. Among PEI’s titles are Private Equity International, PERE (private equity real estate) and Infrastructure Investor. David began his financial-media career at what is now Thomson Reuters, where he was Editor of Buyouts magazine. In 2000 he joined an affiliate of Guggenheim Partners to launch a news service for accredited investors. He has a Master of International Affairs from Columbia University and undergraduate degrees in Political Science and Chinese Studies from the University of California at San Diego. He grew up in Honolulu, Hawaii.
Panelists
Peter Ballon - Vice-President, Head of Real Estate Investments - Americas, CPPIB
Peter is responsible for CPPIB’s real estate in the Americas which currently encompasses investments in Canada, the US, Mexico and Brazil. Prior to his current role, Peter lead the investment teams for the US and Brazil. Peter is also a member of CPPIB’s Real Estate Investment Committee which has oversight for CPPIB’s global real estate investments.
Peter has over 20 years of commercial real estate experience. Prior to joining CPPIB in 2007, Peter worked with several leading real estate companies including Canderel, Brookfield and TrizecHahn.Peter holds a Bachelor of Commerce degree from McGill University and an MBA from the Ivey School of Business.
Jeffrey A. Barclay '83 - Managing Director, Goldman Sachs
Jeffrey is head of the Real Estate Investment Group (REIG), which is a part of the Alternative Investments & Manager Selection (AIMS) Group within the Investment Management Division. REIG invests in both direct commercial real estate and fund managers on behalf of Goldman Sachs Asset Management and Private Wealth Management clients. He has over 25 years of real estate investing experience. Jeffrey joined Goldman Sachs as a managing director in 2010.
Prior to joining the firm, Jeffrey was responsible for leading real estate investment activity for Clarion Partners, one of the largest US real estate investment management firms and, from 1998 through 2011, a wholly owned subsidiary of the ING Group. He served on the firm’s Executive Board, Operating Committee and led its Investment Committee. Prior to joining Clarion in 1993, Jeffrey was a partner at Hamilton Securities, a Washington, DC-based investment bank. From 1989 to 1992, he was responsible for investment sales at Jones Lang LaSalle. Jeffrey began his real estate investment career in 1983 at the Lawrence Ruben Company, a private development and investment company. He also worked in the real estate department of Chemical Bank and in the equity research group at CS First Boston.
Jeffrey is chairman of the Board of Directors of the National Association of Real Estate Investment Managers (NAREIM), chairman of the IOPC Gold Council of the Urban Land Institute (ULI), member of the board of the Pension Real Estate Association (PREA), and a founding member of the Defined Contribution Real Estate Council. He has also served as an adjunct professor in the MBA program at Columbia Business School since 2004. Jeffrey earned a BS in Economics and an MBA in Finance and Accounting from Columbia University.
G. Scott Booth '87 - Principal, Townsend Group
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Mr. Booth is a Principal of The Townsend Group, a global investment advisor to public and corporate pensions, endowments, and sovereign investors in real estate and real assets. He has 25 years of institutional investment experience in real estate and real assets, fixed income, derivatives, and research. Mr. Booth is currently responsible for North America real estate fund due diligence and maintaining the firm’s expertise in commercial real estate debt globally.
Previously, Mr. Booth was Senior Vice President at KeyBank in the Capital Markets area. His responsibilities included portfolio and risk management in Interest Rate Swaps and Derivatives and senior trading assignments within the Fixed Income division. Mr. Booth’s career began in New York as a bond trader for ten years at predecessor firms to JPMorgan, UBS, and Mizuho Financial.
Mr. Booth is a graduate of Miami University with a BS in Finance and Economics, received his MBA from Columbia Business School, and holds the CFA and the CAIA designations.
Gordon J. Whiting `94 - Managing Director and Portfolio Manager, Angelo, Gordon & Co.
Gordon J. Whiting joined Angelo, Gordon in 2004 and is the founder and Senior Portfolio Manager of the firm’s net lease real estate strategy. Gordon has over 18 years experience in this industry and previously was an Executive Director of W. P. Carey & Co. LLC. He was also the President and Portfolio Manager of Corporate Property Associates 14, Incorporated, one of W. P. Carey’s publicly-held, non-traded real estate investment trusts (with over $1.2 billion in assets) that invest in net leased commercial and industrial properties. From 2002 to 2010, Gordon was a member of the five-person Federal Retirement Thrift Investment Board (the “FRTIB”), a position to which he was nominated by President George W. Bush and confirmed by the U.S. Senate. The FRTIB oversees the over $290 billion of 401(k) type retirement accounts (the Thrift Savings Plan) for most Federal employees and military personnel. Gordon received a B.S. degree from Cornell University and an M.B.A. degree from Columbia University.