March 31, 2015 - Capri Capital Partners
CHICAGO, IL – Effective today, Capri Capital Partners, LLC, becomes part of Capri Investment Group (“CIG”), an umbrella that will represent all Capri-affiliated companies and partnerships involved in real estate investment management globally. This represents a restructuring and expansion for the company, which has $3.7 billion in assets collectively under management as of December 31, 2014. CIG is also launching a new website reflecting these changes and covering its entire portfolio of companies at www.capri.global.
CIG consists of five major SEC-registered entities: Capri Capital Partners, Capri Retail, Capri EGM, Capri Global Capital (Cayman) and Capri Africa. All affiliated companies will be referred to as CIG companies in external branding and marketing initiatives going forward.
“CIG is in active expansion domestically and globally, which necessitates the creation of separate teams around the world to execute distinct investment mandates,” says CIG Chairman and CEO Quintin E. Primo III. “This has made it more important than ever for us to rally around common strategic, business and operational initiatives, and reinforce our special and distinctive corporate culture. Uniting our businesses under one umbrella organization helps achieve this and allows us to continue to provide the highest possible level of service to our many institutional clients.”
CIG consists of five major operations:
Additionally in 2014, Capri expanded its global research capability with the addition of Sameer “Sam” Chandan, Ph.D., chief strategist and global head of Strategy and Research. Dr. Chandan is founder and president of Chandan Economics, a leading commercial real estate data and research firm, and an adjunct associate professor of real estate at the Wharton School of the University of Pennsylvania.
Governance of CIG will be overseen by a newly established Global Management Board, which is led by Quintin E. Primo III as chairman. Other members of the six-member Board include:
“I am very proud of the diverse and inclusive team we have built at Capri, especially in light of our active growth and expansion,” says Mr. Primo. “Diversity and inclusion continue to be critical issues within the industry. I believe the homogeneity of private and institutional investment staffs will hold back the industry’s natural growth and maturation and unnecessarily subject it to greater cyclicality. At CIG, I believe our sensitivity to different cultures and ethnicities has been an important element in spurring the organization’s growth.”
Mr. Primo adds, “In everything we do, we seek to challenge conventional thinking and the status quo. We think differently. We believe this adds great value to the long-term benefit of our investors, clients and customers, and makes a meaningful and substantial difference in the lives of those living in the world communities in which we invest.”
About Capri Investment Group
Capri Investment Group is a group of affiliated, SEC-registered companies involved in real estate investment management. Through Capri Capital Partners, LLC, it has acquired or originated over $9.1 billion in commercial real estate investments since its founding in 1992. Capri offers a broad spectrum of real estate equity and debt solutions to its clients through separate account, commingled fund and joint venture formats. Over its 23-year history, Capri has demonstrated experience investing in multifamily residential and commercial investments. Diversified assets managed on behalf of its pension fund and other institutional investors totaled approximately $3.7 billion as of December 31, 2014. Capri is headquartered in Chicago, with additional offices in Los Angeles and New York. Global offices are in Nairobi and Accra and in the process of being established in London. For more information, visit the company’s website at www.capri.global.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any security relating to Capri Investment Group or any of its entities’ funds. Any offer or solicitation may be made only through the delivery of a definitive Private Offering Memorandum and all information contained herein is qualified in its entirety by such Memorandum.