In his new role, Hoeffel will be responsible for the expansion of Investcorp's debt platform including capital deployment for the recently formed US $1 billion Investcorp Real Estate Credit Fund LP. Hoeffel will also be in charge of a range of debt investment activities including originating and acquiring mezzanine debt, subordinate debt, CMBS, and preferred equity positions in US commercial real estate.
Hoeffel will report directly to John Fraser and Jonathan Dracos, co-heads of Investcorp's real estate group. Hoeffel brings 25 years of experience in commercial real estate, including the origination, structuring, underwriting and securitization of commercial mortgages and other real estate securities, as well as the acquisition of performing and non performing mortgages. He was a founding member of the commercial mortgage group at Bear Stearns, where he had responsibility for the origination and sale of more than $200 billion of commercial real estate debt in the US, Europe and Japan, and created some of the most highly regarded securitization programs in the industry.
Fraser says in a prepared statement that the firm has been steadily expanding its debt platform over the course of the last few years. "Chris is joining us in a key role at an important time in the growth of our business," he says. "Chris is a seasoned professional with considerable experience and a successful track record. This will help us identify debt investments capable of delivering superior risk adjusted returns to our investors in all market cycles."
Hoeffel was previously a VP at Eastdil Realty Inc. He began his career in 1983 as a mortgage banker for Walker & Dunlop Inc. "I look forward to bringing my experiences as a mortgage banker, investor, lender, investment banker and bond issuer to Investcorp and to help the firm and its clients continue their impressive track record of success in the years to come," he says. Investcorp did not return GlobeSt.com queries by deadline.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
