CPI loses global fundraising head

John Bottomley has left Citi Property Investors after five years with the firm. He has joined New York-based The Rockefeller Group. The departure follows the loss of CPI's Asia Pacific investments head David Schaefer and the cancellation of the firm’s second Asia real estate fund.

John Bottomley, global head of Citi Property Investors’ institutional and high-net-worth client group, has left the firm after five years to join The Rockefeller Group.

Bottomley started with The Rockefeller Group on 18 May, PERE has learnt.

He is believed to be working alongside Dennis Irvin, president and chief executive officer of Rockefeller’s investment management arm. Irvin, who is spearheading Rockefeller’s push into raising real estate funds, was unavailable for comment at press time.

Citi Property Investors told PERE, Bottomley had helped grow CPI’s fundraising efforts since the firm’s inception in 2004. A spokesman said: “We wish him all the best in the future.”

Bottomley was managing director and global product specialist for CPI institutional and high-net-worth marketing and client relations group. During his career at Citi, he also worked for Citi’s capital markets and banking division, Citi private bank and the Travelers insurance company.

Bottomley was instrumental in helping CPI raise its 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.

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, which will hit the streets in just over a week's time.