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Strengthen position as the largest asset manager Focusing on decarbonization of the real estate industry
New York, January 19, 2023 /PR Newswire/ — Fifth Wall— Largest asset manager focused on decarbonizing the real estate industry — adopted Alok Cinder Expanding its climate business mandate as a partner to include infrastructure investments alongside the company’s leading venture and growth equity businesses.Add an office Heather McGorry He is responsible for climate and ESG partnerships to strengthen the company’s ESG and decarbonization strategies.
Source: Fifth Wall
Fifth Wall’s Climate Business is rapidly emerging as the largest and most prominent private fund dedicated to decarbonizing the real estate industry, with over $740 million in commitments and one of the world’s largest 110 real estate companies. More than one company is an investor. The company has made notable investments in more than 20 of his climate-related companies, including: Ascend element, electric hydrogen, road runner, runwise, spanWhen sealedto name a few.
So far, the company’s climate investment strategy has focused primarily on acquiring non-controlling ventures and growth stakes in promising start-ups. The addition of Sindher will enable Fifth Wall to invest in renewable energy infrastructure, decarbonization services and project finance, as well as bonds and majority equity stakes in companies. As a result, Fifth Wall will be able to not only invest in world-changing ventures and growth-stage climate companies, but also fund the post-money growth of their technologies, expanding from lab to factory to deployment. You will be able to
Prior to joining Fifth Wall, he was a partner for De Shaw Group’s renewable energy and infrastructure platform for over ten years. Sinder previously worked in JP Morgan’s Energy Investment Banking Group and is currently an advisor to the Department of Defense’s Energy Transition and Decarbonization efforts, and he is part of the Doerr School of Sustainability, where he serves as an advisor to the TomKat Center. increase. Stanford University. based on San FranciscoSindher is a computer science and economics graduate. Stanford He holds an MBA from the Wharton School.
“Fifth Wall has cemented its position as today’s leading venture and growth equity investor in emerging technologies to decarbonize the global real estate industry. Brendan Wallace, Co-Founder and Managing Partner of Fifth Wall. “Combining Alok’s proven track record with its newfound ability to invest in climate infrastructure is the synergistic element needed to accelerate the real estate industry’s energy transition. $18 trillion chance. ”
McGeory joined from APCO Worldwide, advising multilateral organizations and companies on tackling climate change. Prior to APCO, McGeory grew the We Mean Business Coalition and developed corporate initiatives on climate change such as the Science Based Targets Initiative. McGeory is also a former carbon trader.based on new york cityMcGeory is an alumnus of barnard college I have a master’s degree in international affairs from. Columbia University.
Real estate is the largest source of CO2 emissions, accounting for 40% of global greenhouse gas emissions and energy consumption.Fifth wall record $500 million climate fund announced of July 2022was the first dedicated fund focused on reducing the industry’s enormous carbon footprint. The company’s new ability to capitalize on infrastructure investments will allow it to accelerate the important work of decarbonizing the real estate industry over the next 20 years and become an investor in all sectors. McGeory will strengthen these efforts and work with its strategic investors to advance climate initiatives.
“I have been consistently amazed by the success and speed with which Fifth Wall has established itself as one of the top investors in Climate,” said Sinder. “We look forward to augmenting the team’s venture and growth equity investment capabilities with the infrastructure expertise needed to enable the industry to achieve carbon neutrality.”
“The Fifth Wall has built an unparalleled consortium of real estate investors and represents the largest network of key industry participants committed to global sustainability.” I couldn’t be more excited to be able to help.”
Raised the fifth wall within existing climate practices Anastasia Istratova When Clay McFarlane with the principal Cedric Char When Christian Thatcher to vice president.
About The Fifth Wall
Fifth Wall, a accredited B Corporation founded in 2016, is the largest technology-focused venture capital firm for the global real estate industry.approximately $3.2 billion The Fifth Wall connects many of the world’s largest property owners and operators with the entrepreneurs who are redefining the future of the built world. Fifth Wall is backed by a global mix of over 110 strategic limited partners in over 15 countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts and Ivanhoé. Cambridge, Kimco Realty Corporation, Lennar, Lowe’s Home Improvement, Marriott International, MetLife Investment Management, MGM Resorts, affiliates, Starwood Capital, Toll Brothers and others. Fifth Wall believes this consortium represents one of the largest groups of potential partners in the global Builtworld ecosystem. This could lead to transformative investments and collaborations with promising portfolio companies and decarbonization technologies. For more information about Fifth Wall, its limited partners and portfolio, please visit: www.fifthwall.com.
SOURCE Fifth Wall
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