Colony Capital, Inc. (NYSE:CLNY) has closed its acquisition of Abraaj Group’s private equity platform in Latin America.
The transaction was first announced on January 23, 2019. The company has been renamed Colony Latam Partners and will continue to be headed by its senior management team, led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina. It currently manages over US$700 million and has made 22 investments across Latin America since its establishment in 2006.
Colony Capital is a global investment management firm with assets under management of $43 billion. It manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, traded and non-traded real estate investment trusts and registered investment companies. The company has significant holdings in:
(a) the healthcare, industrial and hospitality property sectors;
(b) Colony Credit Real Estate, Inc. (NYSE: CLNC) and NorthStar Realty Europe Corp. (NYSE: NRE), which are both externally managed by subsidiaries of the Company; and
(c) various other equity and debt investments.
It is headquartered in Los Angeles with key offices in New York, Paris and London, and has over 400 employees across 17 locations in ten countries.