David Hodes and Doug Weill, veteran real estate bankers from Credit Suisse, have formed Hodes Weill & Associates, a new global advisory and principal investment business focused on the real estate private equity and private funds industry.
Reportedly, Hodes Weill will provide advice, strategy and solutions to fund managers, limited partners, advisory committees, lenders and other interested parties within the real estate private equity and private funds community. In addition, the company will source and invest capital to assist in the recapitalization and restructuring of fund managers and fund portfolio investments.
Messrs. Hodes and Weill are joined initially by four professionals, and plan to further build out the team and operating platform over the coming months.
Mr. Hodes said: “We seek to work with managers, investors and lenders to navigate issues and consider opportunities, to provide them with strategic advice and investment capital, and to facilitate decision-making among key parties.”
Mr. Weill said: “We believe that the industry needs an unaffiliated firm to provide objective advice, strategy and services to real estate private fund managers, investors and lenders. Real estate funds are a vital component of institutions’ investment portfolios, presenting unique access to transactions with some of the highest quality managers in the industry. However, excess liquidity in the real estate markets over the past several years, combined with a significant correction in property operating fundamentals and values, has created a range of challenges for the industry that we will seek to help our clients address.”
