Angelo Gordon expands client services team – Exclusive

The New York-based firm hired two managing directors, one from Barings Real Estate and the other from Walton Street Capital.

Angelo Gordon is broadening its real estate client services and marketing teams with two new hires, PERE has learned.

The New York-based firm brought on Terri Herubin and Matthew Brody as managing directors earlier this month.

Herubin comes to Angelo Gordon after four years at Barings Real Estate, where she was lead portfolio manager of the firm’s open-ended real estate fund. She previously spent three years at The Townsend Group, the Cleveland, Ohio-based consultancy, according to her LinkedIn profile. Prior to that, Herubin also worked at the New York State Teachers’ Retirement System for 14 years, where she was the co-portfolio manager for the pension system’s real estate portfolio.

Before joining Angelo Gordon, Brody was a principal at Chicago-based private equity real estate firm Walton Street Capital, where he worked for 11 years and was responsible for business development and client services. He started his career in the real estate arm at consultancy EY.

“Terri’s unique skillset, which spans real estate product development, fund management and client service, coupled with Matt’s experience with the real estate investment community, will bolster our capabilities as we further strengthen relationships and expand the solutions we provide for our clients,” said Aliana Spungen, the firm’s head of real estate marketing and client services.

Angelo Gordon is currently raising its latest European value-added vehicle, AG Europe Realty Fund II, corralling $356 million last month in an interim close toward a $750 million target, PERE previously reported. The firm closed its most recent Asia-focused opportunistic fund, AG Asia Realty Fund III, in December on $850 million.

Angelo Gordon manages about $27 billion in real estate and credit assets.