Perseus hires fundraising pro

Washington-based real estate investment bank Perseus Realty Capital has added Jay Jarrett to its roster as it looks to establish a fundraising practice.

Washington, DC-based real estate investment firm Perseus Realty Capital has added a new property pro to its roster with the addition of Jay Jarrett.

Jarrett was tapped by Perseus president Paul Dougherty to head up the firm’s new fundraising division, which will focus on raising capital for established and emerging investment managers, real estate developers and operating companies.

Jarrett joins from the Boston-based New Boston Fund, where he was in charge of the firm’s investor relations department and oversaw fundraising, client management, and reporting.

Before joining New Boston, Jarrett worked as vice president and national director of sales at CDC IXIS Asset Management North America. Previously, he served as a vice president at both UAM Investment Services, part of United Asset Management, and Conseco Capital Management.

“We are very excited about the formation of this new business line and thrilled to have Jay on board to lead this new initiative for us,” Dougherty said in a statement. “We are assembling a best-in-class team to further assist our client base with access to the institutional equity community, while helping them gain visibility and traction for future endeavors.”  

In 2005, Perseus launched a captive private equity real estate arm, Perseus Realty Partners. The investment bank is associated with private equity firm Perseus.