People Moves: Pantheon appoints Jonathan Lulu as Managing Director of growing Real Estate platform
Press Release (Business Wire) - Pantheon, a leading, diversified global private markets investor, announced on Thursday, the formation of a strategic real estate platform with Elliott Bay Capital Trust ("Elliott Bay"), a privately held healthcare-focused real estate company. The partnership is consistent with Pantheon's real estate strategy, which is focused on creating specialized operating platforms in needs-based property sectors.
David Elliott, Managing Director in Pantheon's real estate group, commented: "We see tremendous long-term opportunity in the healthcare real estate space and are excited to partner with Elliott Bay to launch a platform targeting a specific segment of the market; smaller format outpatient facilities that are crucial to the patients and communities they serve. The partnership will aim to support the growing real estate footprints of healthcare providers that are expanding their networks to accommodate the needs of an aging US population and offering care in more convenient settings."
Leveraging Elliott Bay's significant experience investing in properties that are mission-critical to healthcare providers, the platform will prioritize single- and multi-tenant outpatient healthcare facilities leased to leading national and regional health systems, as well as specialized medical service providers with dominant market positioning and strong operating fundamentals.
This is the third transaction completed by Pantheon's real estate team since its dedicated strategy was launched in 2021 and follows platform investments in single-family rental housing and grocery-anchored, neighborhood retail. All three transactions follow Pantheon's strategy of targeting needs-based property sectors that we believe can benefit from portfolio aggregation and specialized asset management.
In addition, this month Pantheon made a key hire in the real estate team with the addition of Jonathan Lulu as Managing Director, based in Chicago. Jon brings 30 years of experience to Pantheon, with a focus on building, growing, and managing real estate platforms through portfolio optimization, strategic business development and capital formation. He was most recently at Jaguar Growth Partners, a specialist real estate private equity firm, where he led all capital formation, product strategy, investor relations activity, and was a member of the firm's investment committee. Jon joins a seasoned team that also includes Bradley Guz, who was recently promoted to Principal in Pantheon's real estate group.
Roman Braslavsky, Partner, and Pantheon's Head of Real Estate, said: "We are pleased with the platform investments in our portfolio and the quality of additional investment prospects in our pipeline to continue to execute on our strategy. As liquidity remains challenging in the real estate capital markets, Pantheon is well-positioned to be a preferred partner on recapitalizations, growth capital and operating company support. Looking ahead, we see a growing opportunity to partner with specialized owner-operators to provide flexible, programmatic capital solutions in sectors benefiting from strong secular tailwinds and that offer defensive characteristics across market cycles.
He continued: "I'm thrilled to welcome Jon to our team. Jon brings a wealth of experience that will be extremely valuable to us and our clients as we continue to build and scale our business."
View the original press releases here: https://www.businesswire.com/news/home/20230222005844/en/Pantheon-Expands-Real-Estate-Strategy-With-Investment-in-Healthcare-Platform-Adds-Senior-Hire-to-Real-Estate-Team
and here: https://www.businesswire.com/news/home/20230222005907/en/Elliott-Bay-Announces-Joint-Venture-to-Acquire-Healthcare-Properties-Across-the-US
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Pantheon Group* ("Pantheon") is a leading, diversified global private markets specialist currently investing on behalf of more than 1,000 investors, including public and private pension plans, insurance companies, endowments, foundations and private wealth clients. Founded in 1982, Pantheon has an established reputation across private market asset classes, covering all stages and geographies, and provides investment solutions that include flagship fund offerings, as well as integrated programs and customized solutions.
As of September 30, 2022 Pantheon had $88.9 billion assets under management and advice and the firm currently has more than 460 employees located across its offices in London, San Francisco, New York, Chicago, Hong Kong, Seoul**, Bogotá**, Tokyo, Dublin and Berlin. Its global workforce includes more than 140 investment professionals.