Partners loses senior RE professional – exclusive

Tyler Jones, a senior member of Partners Group’s real estate primary investments team, has left the company after more than eight years at the firm.

In an email sent to industry contacts last week, and seen by PERE, Jones said that he had decided to leave the firm for family reasons. “I am focusing on spending more time with my three young daughters, but plan to be back working in the near future,” he wrote.

As senior vice president, Jones was one of the senior members of Partners’ 10-person real estate primaries group. He reported to partner Marc Weiss, the company’s head of real estate secondaries and primaries.

Primary investments, or fund investments as a limited partner, is one of three strategies that make up Partners’ private real estate business, along with direct and secondary investments. In 2015, the company invested 58 percent of its overall portfolio in direct deals, 22 percent in secondaries, and 20 percent in primary fund interests. The firm did not provide a breakdown for the individual asset classes.

Six months ago, Jones relocated from San Francisco, where Partners has an office, to Phoenix, where he grew up, and continued to work remotely. He officially left the firm earlier this month.

PERE understands that Jones did not have specific plans for future employment, but was expected to remain in private equity real estate.

Jones joined Partners in 2007 as an associate, and was the firm’s first hire for its newly formed real estate investment team, following Partners’ acquisition of Pension Consulting Alliance. Prior to Partners, he worked in mergers and acquisitions for the airline industry.

Jones is one of a number of real estate departures at Partners in recent years. In 2014, Eliza Bailey, the company’s former head of private real estate debt, left to join AVP Advisors, now Belay Investments, after seven years at the firm; and Angela Johnson, an assistant vice president, departed to become a director at Kohlberg Kravis Roberts.