Investcorp adds US property pro

J. Michael O’Brien is joining the alternatives firm to oversee its property investments on the East Coast.

J. Michael O’Brien has joined global alternative investment firm Investcorp as a principal in the US where he will oversee the firm’s real estate asset management business on the East Coast.

Before joining Investcorp, O’Brien was a director with ING Clarion. O’Brien previously held positions with Reichmann International/Quantum Realty Fund, Equitable Real Estate Investment Management and Jones Lang Wootton Realty Advisors, according to a statement released by Investcorp. O’Brien attended Georgetown University, where he received a BS in business administration.

“Mike O’Brien’s appointment to our senior management team further enhances our asset management capabilities, ensuring they continue to grow in tandem with Investcorp Real Estate’s investing activities and portfolio across the US,”  Jonathan Dracos, co-head of Investcorp’s real estate group, said in a statement. “Mike is a proven real estate professional with a strong track record for creating value for investors.“

Investcorp has more than $3.5 billion (€2.7 billion) invested in the US property markets. The firm recently teamed up with Connecticut-based investment and advisory firm TriLyn and the Bank of Scotland to launch TriLyn-Investcorp Mezzanine Partners, a fund making mezzanine, high-yield debt and preferred equity investments in commercial and residential real estate in the US, including acquisitions, development projects and land investment.

The fund had a first close in January on $100 million, though Investcorp says the fund size has since been increased to $120 million.

Investcorp has offices in New York, London and Bahrain and is traded on the London and Bahrain Stock Exchanges. The firm has more than $10 billion in assets under management.