McCourt Global, a New York-based alternative investment firm led by New York real estate developer and sports entrepreneur Frank McCourt, has tapped Christopher Keber for a newly-created position, the firm said Monday.
Keber joins as head of investments and strategy and will report to Drew McCourt, the firm’s president.
“Chris brings global perspectives, relationships, experiences and insights — as well as a deep understanding of capital markets and real estate — that will add depth and breadth to our leadership as we pursue new opportunities,” McCourt said in a statement.
Regarding the timing of the hire, a spokeswoman said: “This was an opportunity to bring in a capital markets expert with wide and deep relationships as well as strong expertise in real estate. MG constantly evaluates its business needs and where it might invest in order to grow the firm, and this includes adding new roles that fit within its strategic goals.”
Previously, Keber spent nearly five years at Houston-based Hines as senior managing director in the investments office. There, he was responsible for capital formation and investor relations, among other roles.
A spokeswoman for Hines declined to comment on Keber’s departure.
Prior to his time at Hines, Keber worked for nearly three years at Greenwich, Connecticut-based Starwood Capital Group, where he was the director of global capital raising and investor relations. Earlier in his career, he spent time in the real estate private funds group at Credit Suisse and worked as a managing director at Trinity Capital Advisors.
“In my career, I’ve had the privilege of serving as an investment manager in multiple capacities, and I’m now looking forward to acting alongside my McCourt Global colleagues as a direct investor in attractive opportunities around the world,” Keber said in a statement.
McCourt Global is the business arm of the McCourt family office, whose origins date back to 1893 and which has been led by Frank McCourt for the past 30 years. The firm’s investments include real estate, sports and media, the most high-profile of which include the development of Boston’s Seaport, ownership of the Los Angeles Dodgers and ownership of the French football club Olympique de Marseille. Last year, McCourt Global launched McCourt Partners, a private investment business with $1 billion in permanent capital.
The firm’s real estate portfolio includes 5.5 million square feet of mixed-use space under development in the US and the UK. The properties range from a development in New York’s Manhattan to a Miami luxury residential development to a central London commercial and residential development.
McCourt Global did not disclose its assets under management for its real estate and overall portfolio as of press time.