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Jaguar promotes three execs

The New York-based private equity real estate firm has elevated two employees to principal and one to vice president.

Jaguar Growth Partners, the firm founded by former Equity International executives Gary Garrabrant and Thomas McDonald, has promoted three employees, the private equity real estate firm said Monday.

Christian Klotz and Antonio Allona moved up from vice president to principal. Klotz, who leads the firm’s Brazil’s office, joined Jaguar in 2014 after co-founding a hedge fund based in Brazil, according to the firm. Allona came to the firm in 2013 from Merrill Lynch’s investment banking division in Madrid.

“We are thrilled to recognize the growth of these talented colleagues, reflecting the development of our company,” said Garrabrant in a statement Wednesday. “Christian and Antonio have assumed leadership of our expanding investment activity in Latin America.”

In other promotions, Ricardo Costa moved up from associate to vice president. He joined the firm last year from Gávea Investimentos, one of the largest alternative investment managers in Brazil, according to Jaguar’s statement.

Jaguar, which invests in and develops real estate-related operating platforms and companies in growth markets globally, was founded in 2013 by Garrabrant and McDonald, the former chief executive and chief strategic officer, respectively, of Equity International, the Chicago-based private equity real estate firm led by Sam Zell. The two executives had been with EI since its inception in 1999; Garrabrant was co-founder of the firm with Zell, while McDonald had been responsible for investments at the company. Both men left EI in September 2012 and formed Jaguar the following spring.

The firm currently manages one commingled, discretionary fund, Jaguar Real Estate Partners. PERE reported in July 2014 that Jaguar was targeting approximately $750 million for its first property fund.

In January, the firm hired Ian Wilkin as chief financial officer and chief operating officer, new positions for the firm.