Kozloski, who is joining JER as president of Emerging Markets Opportunities Business, oversaw new fund commitments for a $1.7 billion private equity portfolio at the World Bank agency. At the IFC Moscow office, she was senior investment officer in charge of direct investments in Russia and Eastern Europe. She was also an advisor to Poland's Ministry of Privatization.
At JER Kozloski will help develop a management team and business plan for the company to expand its emerging market investment platform. A broadening of the product line to include non-real estate investments is among this platform's goals as well as the greater goal of exposure to a globally diversified portfolio of high performing equity funds targeting emerging economies.
JER's investment management team has been undergoing a shift over the last few months as it brings on new talent--and loses other key staffs. Specifically, Cia Buckley, JER's former president of the US fund business, moved to the New York City-based investment management firm Dune Capital Management LP last month. She joined the firm as a partner in its Fifth Avenue office, as reported in GlobeSt.com.
Last month JER also named a high profile advisory board, headed by José María Aznar, the former Prime Minister of Spain, to support its Latin American initiative, which was also covered in GlobeSt.com. Although its investments in the region have been limited to date, Latin America is clearly a target for expansion for the company, as can be seen by Horcel's appointment and the firm's $10 million investment with Argentine developer Euromayor S.A. de Inversiones, of the national development firm ECIPSA Group. Under the agreement JER has the right to contribute up to a total of $26.3 million at the same per share purchase price paid for the initial $10 million, subject to certain adjustments. Its capital contribution will be used to fund Euromayor's current projects as well as any that may be launched during the rest of 2007.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
