Rockefeller Group Investment Management Corporation has appointed firmer Citi Property Investors’ fundraising chief as senior vice president, the firm confirmed today.
As first revealed by PERE last week, Bottomley joined the New York-based firm on May 18.
Bottomley was previously managing director and global product specialist for Citi Property Investors, where he helped the firm launch three first-time regional opportunity funds, including CPI’s two largest funds, the €1.16 billion CPI Capital Partners Europe fund, which closed in November 2006, and the $1.29 billion CPI Capital Partners Asia Pacific fund.
Bottomley also helped the firm launch a global real estate securities platform and two multi-manager real estate funds, a statement from Rockefeller said today.
Bottomley will report to Dennis Irvin, president and chief executive officer of Rockefeller Group Investment Management. Irvin said the appointment would help Rockefeller grow its funds business adding: “[Bottomley] will work with me on expanding RGIM's global presence as we look for partners for our real estate development programme.”
CPI president and chief executive officer Roger Orf told the June issue of PERE magazine: “John has done a great job for us in helping us get started in our fundraising efforts. John felt it was time for him to move on and we wish him all the best in his future,” he said.
The news follows the departure of CPI's Asia Pacific investments head David Schaefer and the cancellation of the firm’s second Asia real estate fund.
For more details on the story, read the June issue of PERE magazine out soon.