CBRE GMM rebrands

The multi-manager arm of CBRE Global Investors has changed its name to CBRE Global Investment Partners to reflect its expanded scope. 

CBRE Global Investors has changed the name of its CBRE Global Multi Manager arm to CBRE Global Investment Partners (GIP) in order to “better reflect the expanded offering of investment solutions that the business line provides,” according to a statement from the Los Angeles-based firm.
“For many people, the term multi-manager has just meant fund of funds,” said Jeremy Plummer, chief executive officer of CBRE GIP, in a statement. “As our investment approach expanded, we realized we needed a name that conveyed not only our global investment scope but also the breadth of investment vehicles that we utilize. The key point of differentiation from the direct business of CBRE Global Investors is that we always invest with operating partners, so we also reflected this in the name.” 
CBRE GIP, which has a team of 66 based in five international offices, delivers individualized investment solutions for clients by constructing portfolios using private funds, secondaries, co-investments and joint ventures, partnering with leading operators and fund managers. Strategies span across the risk spectrum from core to enhanced and can be global or regional in nature. The business controls $13 billion of assets under management.
“This name change is a reflection of the evolution of this business unit’s activities,” said Matt Khourie, global chief executive officer of CBRE Global Investors, in the release. “It makes clear that this business line is an investment business that is part of CBRE Global Investors, yet characterizes their approach to investing as distinct from the direct business.”
Earlier this month, CBRE GIP added Rockspring Property Investment Managers’ Charles Baigler to lead its transaction activities in Europe. At the time of the appointment, Plummer told PERE that the subsidiary had been increasing the breadth of its activities to include secondaries, co-investments and joint ventures and had brought on Baigler for his experience working with those types of investment structures.