Angelo, Gordon & Co. has hired CBRE Capital Advisors veteran Paul Lewis to join its net lease real estate investment strategy, PERE sister publication Private Debt Investor has reported.
New York-based Angelo Gordon hired Lewis as a director to be focused on deal origination and acquisitions in Europe. He reports to Gordon Whiting, head of the firm’s net lease real estate business – a debt and equity strategy.
At CBRE, Lewis was most recently head of European corporate capital markets and before that served as head of loan advisory – a role in which he built and managed a team that worked on distressed commercial real estate deals.
Transactions the firm will invest in range from $15 million-$600 million in a multitude of properties, including office, warehouse, industrial, distribution, retail, research and development and special-use assets. The deals can be with a single tenant in either one property or a portfolio of properties with an initial leasing period of 12-20 years, plus the potential for renewal.
Its most recent vehicle, AG Net Lease Realty Fund III, has raised $950.63 million, according to May regulatory filings with the Securities and Exchange Commission. Limited partners include the North Carolina Retirement Systems and the Teachers’ Retirement System of Kentucky. The vehicle has posted a three-year net internal rate of return of 6.83 percent as of 31 March, according to Kentucky documents.
Fund II raised $559 million, had a final close in July 2010 and wrapped up its investment period in July 2013. Fund I raised $140 million, according to a March 2012 presentation to the Minnesota Commercial Association of Realtors.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
