PCCP co-founder Nicholas Colonna to retire

Nicholas Colonna, a founding partner of PCCP, is leaving the firm he helped launch some 15 years ago. 

In an email received by PERE, Colonna wrote: “After co-founding and spending 15 fabulous years with PCCP, I have made the decision to retire from the firm and pursue other business opportunities.” Colonna did not specify what those “other business opportunities” were, but he added that he planned to be at PCCP “for the next month or two to assist in any remaining transition.” 

At the Los Angeles-based real estate finance and investment management firm, Colonna lead the workout and recapitalization group, where he was responsible for more than $5 billion in real estate recapitalizations throughout the US. Representatives from PCCP declined to comment.

Before forming PCCP, Colonna was a senior vice president at Wells Fargo Bank and a principal in its real estate merchant banking group. At Wells Fargo, he originated more than $1 billion in bridge loans, $200 million in mezzanine loans and more than $250 million in equity investments in real estate opportunity funds.  

Prior to his position with the merchant banking group, Colonna served as a founding principal in Wells Fargo’s managed assets group, where he was the lead workout specialist responsible for restructuring more than $1 billion in problem loans during the early 1990s.  

“My warmest thank you is extended to everyone who contributed to my success at PCCP, especially our investors, operating partners and, of course, the entire PCCP family, both present and past,” added Colonna. He also expressed his “deepest appreciation and utmost respect” towards his co-founding partners William Lindsay, Donald Kuemmeler and Aaron Giovara.