—In addition to appointing the Firm's first
Co-Presidents,
Fifth Wall has also elevated five of its
senior executives—
NEW
YORK, April 23, 2024 /PRNewswire/
-- Fifth Wall—the largest asset manager focused on
improving, future-proofing, and decarbonizing the built
world—announced that Jeremy
Fox and G.M. Nicholas "Magnus" Vik have been
appointed the Firm's Co-Presidents, a new position, to help guide
the company through its next phase of transformational growth.
"We set out eight years ago to start a Firm that would
meaningfully address the collision that we saw happening between
real estate and technology, that idea has turned into an
established category," shared Brendan
Wallace, Chief Executive Officer and Chief Investment
Officer of Fifth Wall. "As new, unprecedented headwinds—from asset
obsolescence, housing affordability, climate change, construction
costs, to security risks, and beyond—continue to make it more
challenging to own and operate real estate, we are more committed
than ever to delivering strategic solutions and instrumental
opportunities to our valued Limited Partners and Portfolio
Companies. I'm thrilled to have Jeremy and Magnus take on the role
of Co-Presidents, their impressive careers and unparalleled
knowledge of the industry will be instrumental in continuing to
grow our Firm and support our network."
In addition to serving as Co-President, Fox will continue to
oversee Fifth Wall's Global Partner Coverage team, focusing on
strategic partnerships and capital markets. Fox joined the Firm's
leadership team in February 2021 from
Credit Suisse, where he had served as the Co-Head of North America
Real Estate, Gaming, and Lodging Investment Banking. He previously
spent nearly two decades at Deutsche Bank, most recently serving as
the Head of US Equity Capital Markets. Fox will continue to be
based out of the Firm's new Hudson Yards headquarters.
In tandem with serving as Co-President, alongside Fox, Vik has
been appointed Fifth Wall's Chief Operating Officer. Vik joined the
Firm in March 2020 as Vice President
of Strategy & Operations. He quickly rose through the ranks,
assuming the role of Partner and Head of Strategy & Operations
in January 2022. Vik has played an
instrumental role in setting and executing the strategy of the Firm
and scaling Fifth Wall's platform. Prior to joining Fifth Wall, Vik
was Director of Strategy & Finance and a founding member at
Renew Health. Previously, he was an early member of the Revenue
Strategy team at Snap Inc., where he helped to scale the
advertising business in preparation for the company's 2017 IPO. Vik
started his career at Cambridge Associates, where he advised
leading institutions on VC and private equity investment
strategies, before joining ICONIQ Capital. Vik is based out of the
Firm's LA office, the city within which the Firm was founded.
Fox and Vik's new positions are effective as of April 2024. They will report directly to
Wallace.
"In their time at Fifth Wall, Jeremy and Magnus have proven to
be highly valuable assets to our team, our Limited Partners, and
our Portfolio Companies," said Brad
Greiwe, Chairman of Fifth Wall. "Their unmatched
expertise will be instrumental in continuing to nurture the Firm's
core growth – ensuring we are best positioned to serve the needs of
the global real estate industry."
In addition to Fox and Vik's appointment to Co-Presidents, Fifth
Wall has also elevated five other senior team members. Peter
Gajdoš, a Partner on the Firm's investment team since 2021, has
been elevated to Deputy Chief Investment Officer and Portfolio
Manager. Jon Hong, another
Partner on the Firm's investment team since 2021, has assumed the
role of Deputy Portfolio Manager. Fifth Wall has also meaningfully
scaled its Finance and Legal operations, promoting Luke Harris—General Counsel—and
Eric Lee—Chief Financial
Officer—to Partners. Michael
New has also been promoted to Partner on Fifth Wall's
Partner Coverage Team.
About Fifth Wall
Founded within 2016, Fifth
Wall, a Certified B. Corp, is the largest asset manager focused
on improving, future-proofing, and decarbonizing the built world.
With ~$3B in commitments and capital
under management, Fifth Wall is backed by a global mix of 110+
strategic limited partners from 20+ countries, including BNP
Paribas Real Estate, British Land, CBRE, Cushman & Wakefield,
Hilton, Hines, Host Hotels and Resorts, Kimco Realty Corporation,
Lennar, Marriott International, MetLife Investment Management, MGM
Resorts, Related Companies, Starwood Capital, Toll Brothers, and
others. This consortium represents one of the largest groups of
potential partners in the global built world ecosystem, resulting
in transformational investments and collaboration with portfolio
companies to cut emissions, improve efficiency, and maximize
returns. Founded in Los Angeles
and headquartered in New York,
Fifth Wall's other offices include San
Francisco, London, and
Singapore.
For more about Fifth Wall, its Limited Partners, and portfolio,
visit www.fifthwall.com.
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SOURCE Fifth Wall