GTIS Partners LP Broadens Business Model; Announces Launch of Brazil Infrastructure Platform with Plans for Vertically Integrated Team
GTIS Partners LP (“GTIS”), a real estate investment firm headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich, today announced it is expanding into infrastructure investing in Brazil. Concurrently, the firm said it hired Eduardo Klepacz, formerly CEO of Cubico Brazil, one of the country’s largest renewable energy generators, to head GTIS’ new infrastructure investment team based in Sao Paulo.
GTIS is the among the longest-tenured, largest private equity investors in Brazil’s real estate sector, with some $2.5 billion of equity capital deployed since 2005 in residential, office, hotel and industrial/logistics developments.
“Brazil’s economy is recovering, which in turn has triggered an increase in demand for additional infrastructure,” said Joshua Pristaw, Senior Managing Director and Co-Head of GTIS Brazil. “There’s more need now than at any time in the recent past for power, data centers, broadband and other infrastructure-related resources, but Brazil’s fiscal crisis has dampened the federal government’s ability to fund that buildout, creating an opportunity for private sector investment. Given our existing relationships with technology and telecom companies in our commercial office real estate business, we believe we are well-positioned to explore critical infrastructure opportunities with these counterparties.”
Joao Teixeira, Co-Head of GTIS Brazil noted, “President Michel Temer’s administration enacted a series of regulatory reforms to incentivize private sector investment in Brazil’s infrastructure, making it more attractive to firms like GTIS to participate in the country’s economic resurgence. Incumbent players, including local construction companies, that had historically dominated the infrastructure sector, were mostly sidelined in the aftermath of the Operation Carwash corruption fallout. We see tremendous opportunity in renewable energy (wind and solar) and have been studying it for years as we looked to meet the cost and sustainability goals of our real estate tenants. “
“Infrastructure and real estate investing share a lot in common,” said Tom Shapiro, President and Chief Investment Officer of GTIS. “Both require capital, and operating and development expertise, and both rely heavily on an insider’s understanding of this market’s complexities, compliance, and risk controls, as well as being able to identify the most compelling investment opportunities. Given our long experience in Brazil, we’re able to operate from a position of strength right out of the gate as we create an institutional infrastructure investment platform for our global institutional investors.”
GTIS, under the stewardship of Eduardo Klepacz, is currently building out a vertically-integrated team comprising Brazil-based, dedicated infrastructure professionals with expertise in development and operations of infrastructure assets. The team will identify investment opportunities in power generation and transmission, particularly renewable energy, as well as technology and telecom-critical components, including data centers, digital broadband, and cell towers.
“This is a unique time in Brazil,” Klepacz said. “The economy is coming out of hibernation. We’re experiencing escalating demand for power, data, digital storage, and broadband, and our roads and ports are busier than ever. The headwinds faced by the government in funding the buildout of Brazil’s infrastructure have created abundant opportunities for us. I’m delighted to join GTIS Partners, already one of the leading vertically integrated real asset investment platforms in Brazil, at this exciting period and look forward to helping the company embark on its next phase of growth. The ability of GTIS to operate and manage risk locally but access capital globally makes it an ideal place to build this business.”
About Eduardo Klepacz
Immediately before joining GTIS Partners, Klepacz served as Brazil CEO of Cubico Sustainable Investments, a global renewable energy company with more than 2.5 GW of installed capacity across eight countries.
At Cubico, Klepacz managed a $350 million equity investment portfolio of renewable energy projects and led a team of more than 90 employees. While there, he closed on a landmark transaction, the acquisition of a $620 million portfolio of wind projects from Casa dos Ventos. He was also a member of the firm’s Global Investment and Global Risk/HSE Committees.
About GTIS Partners
GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles, San Francisco, Atlanta, São Paulo, Brazil, Paris, France and Munich, Germany. GTIS Partners was founded in 2005 and is managed by President Tom Shapiro and Senior Managing Directors Josh Pristaw, Rob Vahradian, Tom Feldstein, João Teixeira and Amy Boyle. GTIS Partners has 94 employees and approximately $4.7 billion of gross real estate assets under management. The firm pursues opportunistic real asset investments through direct equity investment and non-traditional lending activities. To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil, and is among the largest real estate private equity companies in Brazil. For more information, please visit www.gtispartners.com.
Water & Wall Group
Scott Sunshine, 212-625-2364
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
IFF Announces Pricing of $1,500,000,000 Senior Notes Offering24.9.2018 22:25 | Pressemelding
Regulatory News: International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF), a leading innovator of sensorial experiences that move the world, today announced that it has priced its public offering of $300,000,000 aggregate principal amount of its 3.400% senior notes due 2020, $400,000,000 aggregate principal amount of its 4.450% senior notes due 2028 and $800,000,000 aggregate principal amount of its 5.000% senior notes due 2048. IFF intends to use the net proceeds from the offering to pay a portion of the consideration for the previously announced merger with Frutarom Industries Ltd. and to pay related fees and expenses. IFF anticipates that the offering will close on September 26, 2018, subject to customary closing conditions. The offering is not contingent upon the consummation of the merger. If the closing of the merger has not occurred on or prior to February 7, 2019, or, if prior to such date, the merger agreement with Frutarom is terminated, IFF will be required t
Iberdrola Recognized as United Nations Global Compact LEAD24.9.2018 21:12 | Pressemelding
Today, Iberdrola, one of the world’s largest utilities and the leading renewable energy producer, is pleased to announce that the Company has been recognized as Global Compact LEAD for demonstrating its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business. Announced at UN Headquarters in New York during the UN Global Compact Leaders Summit 2018, Iberdrola was identified as being among the highest-engaged participants of the world’s largest corporate sustainability initiative. Lise Kingo, CEO and Executive Director of the UN Global Compact, said, “LEAD companies represent the highest level of engagement with the UN Global Compact. Achieving the Sustainable Development Goals and creating the world we want will not happen without bold action from the responsible business community. We need companies of all sizes — like the ones recognized today — to improve their performance, no matter where they are on their sustainability journey.” “Sin
Pre-Registration for MapleStory 2 Starts Today24.9.2018 17:00 | Pressemelding
Pre-registration for MapleStory 2, the newest MMORPG adventure in Maple World, is available starting today. From September 24 through October 8, players can sign-up on the MapleStory 2 Pre-Registration site available here and earn exclusive rewards! Pre-registration web rewards will include unique in-game items such as the Roosting Seagull, Rustic Mushcabin Name Tag, and the Dusty Rickshaw. From September 24 through October 8, players can also receive a Mint Body Pillow by retweeting the new Runeblade trailer on Twitter and/or liking on Facebook. In addition to pre-registration, players who purchased a Founder’s Pack can jump into Head Start starting October 1, which will allow them to join MapleStory 2 's vibrant and immersive world ahead of global launch on October 10. Along with beta improvements, Head Start (October 1 - October 10) will include: Character progression that carries over to the official launch 6 character slots Founder’s Pack items Access to Gemstones Lv. 1 - 50 Quest
First Engineering Faculty in Canada Named after a Woman: Business Leader Gina Cody Makes Historic $15 Million Donation to Montreal’s Concordia University24.9.2018 15:15 | Pressemelding
Three decades after becoming the first woman to earn a PhD in building engineering from Concordia University, Gina Parvaneh Cody, MEng 81, PhD 89, has made history by giving $15 million to her alma mater. In recognition of her transformative gift to the “Campaign for Concordia: Next-Gen. Now”, the university has named its faculty of engineering and computer science after the alumna. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180924005425/en/ (Photo: Business Wire) The Gina Cody School of Engineering and Computer Science is the first engineering faculty in Canada — and one of the first internationally — to be named after a woman. Gina Cody, a top business leader and building engineer, credits much of her success to Concordia because the university provided her with an entrance scholarship. “I arrived in Canada as a young student from Iran in 1979 with $2,000,” she says. “Concordia welcomed me and provided me with support
Dole’s Standard Fruit Celebrates 20-Year Milestone as Environmental Leader24.9.2018 15:00 | Pressemelding
Earlier in September Dole Food Company participated in a celebration of the twentieth anniversary of the company’s initial receipt of its ISO 14001 Certification. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180924005079/en/ Dole Fresh Fruit President Renato Acuña speaks at the anniversary celebration of Dole's landmark environmental sustainability certification. (Photo: Business Wire) On July 2, 1998, Standard Fruit Company of Costa Rica S.A., a subsidiary of Dole Food Company, Inc., became the first agricultural and banana company in the world to receive the globally recognized ISO 14001 Certification for its environmental management policy and the establishment of its Integrated Management System. With the certification, the company further strengthened its robust Environmental Management System, with results that place it at the forefront in the sustainable production of bananas and pineapples. The celebration event, h
Helsinki Joins New York in Commitment to Review Local Progress Toward Global Sustainable Development Goals24.9.2018 14:42 | Pressemelding
In July 2018, the City of New York became the first city in the world to submit to the United Nations its progress toward the Sustainable Development Goals (SDG’s) on city level. As the first European city Helsinki will follow New York City and become the second city in the world in effort to showcase crucial role of cities in achieving UN agenda for people, prosperity and planet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180924005633/en/ As the first European city Helsinki will follow New York City and become the second city in the world in effort to showcase crucial role of cities in achieving UN agenda for people, prosperity and planet. Photo: Jussi Hellsten The Mayor of Helsinki Jan Vapaavuori announced Helsinki’s commitment to the voluntary local review at a panel conversation with New York City’s Commissioner of International Affairs Penny Abeywardena at the Social Good Summit in New York City on Sunday. Even thou