NEW YORK–(BUSINESS WIRE)–Cohen Personal Ventures (CPV), the household workplace of Point72 Asset Administration Founder and CEO Steven A. Cohen, at the moment introduced it has employed Todd B. Kristol as a Accomplice and Head of Actual Property. In his position, Mr. Kristol can be liable for constructing and main a brand new actual property funding group for CPV.
The group will initially deal with the workplace, industrial, multifamily, and retail property sectors, however can have the pliability to discover alternatives in different asset lessons. The group will goal transactions the place CPV is the management investor, partnering with best-in-class operators to use their experience and assist create worth.
“I’m very happy to welcome Todd to the CPV group,” mentioned Andrew B. Cohen, Co-Founder and Chief Funding Officer of CPV. “Actual property is a pure extension of our present portfolio and funding methods, and Todd has the deep expertise and experience to assist us capitalize on the potential within the area.”
“I’m excited to be becoming a member of CPV and look ahead to working with Andy and this proficient group of traders,” mentioned Mr. Kristol. “There’s super alternative in the true property investing sector proper now. We’re seeing a variety of promising long-term developments coupled with a novel interval of disruption that has been and continues to be accelerated by the pandemic.”
Previous to becoming a member of CPV, Mr. Kristol was Head of Actual Property at Marron Capital, a household workplace, the place he directed the agency’s actual property funding technique. He beforehand based and was Managing Accomplice of the Kairos Group, a personal actual property funding administration firm concentrating on distressed and under-performing industrial, residential, and particular objective property. From 2009-2013, Mr. Kristol was a Principal at Westbrook Companions, and he additionally served as a Vice President at Cerberus Actual Property Capital Administration from 2002-2009. Mr. Kristol obtained his A.B. and M.B.A from Harvard College.
About Cohen Personal Ventures
Cohen Personal Ventures invests long-term capital, primarily in direct non-public investments and different opportunistic transactions, and manages household workplace actions, on behalf of Steven A. Cohen and his household.