CBRE GI nabs CarVal veteran

Robert Perry has come aboard CBRE Global Investors (GI) in a newly created role with the firm’s Strategic Partners US team.

Perry started as executive managing director with the firm on Monday. He is focusing on transaction origination, capital raising and program development and reports to Vance Maddocks, president of the Strategic Partners US program.

Previously, Perry spent 19 years at Minneapolis-based CarVal Investors, where he was most recently senior managing director, according to his LinkedIn profile. A spokeswoman declined to comment on Perry’s departure and said CarVal has not yet filled his position. The firm has about $10 billion in assets under management, according to its website.

At CarVal, Perry was responsible for investment management and implementation, including both equity and debt investments; capital raising; and investor relations, according to a statement from CBRE GI. He also served as chairman of the investment committee for North America and as a member of the firm’s executive committee.

“Bob has 24 years of real estate, finance and transaction experience including involvement in transactional activity in excess of $6 billion gross asset value across the United States,” Maddocks said in a statement to PERE. “With this extensive investment expertise, coupled with his leadership skills and character, Bob will be a great asset to our team.”

Founded in 2000, Strategic Partners has completed 202 investments totaling $18.1 billion, according to its website. The platform invests in multiple value-added property types in the US, deploying between $20 million and $250 million per transaction.

CBRE GI closed its latest fund, CBRE Strategic Partners US Value VII, in July on $1.3 billion, according to a statement at the time. When the fund closed, the firm had invested 75 percent of the vehicle’s capital in office, multifamily and hotel assets. Investors included the Teacher Retirement System of Texas and the California State Teachers’ Retirement System, which both allocated $200 million, according to PERE Research & Analytics. Overall, the Strategic Partners program has raised $7.2 billion across 10 funds, according to the firm’s website.