Colony Capital and HB2 Announce Formation of New Energy Focused Investment Management Platform, “Colony HB2 Energy”
November 15 2018 - 5:01PM
Business Wire
Colony Capital, Inc. (NYSE: CLNY) today announced that it has
formed a new energy focused investment management platform in
partnership with HB2 and its seasoned management team headquartered
in Houston, Texas. The new company will be named Colony HB2 Energy
and will sponsor and manage third-party capital across a series of
investment solutions providing investors more efficient forms of
exposure to the upstream and midstream oil and gas industry. Colony
HB2 Energy is led by President and CEO Michael Bertuccio, who
brings nearly 30 years of industry experience and will lead the
day-to-day operations, including acquisitions, development and
asset management.
Tom Barrack, Executive Chairman and CEO of Colony Capital, said,
“Consistent with our corporate strategy to cycle out of mature and
efficiently-priced asset classes into other scalable real asset
sectors with thematic, balance sheet-lite investment management
opportunities, this company will provide financially innovative
yield and total-return products to the institutional and retail
investor marketplace. Colony HB2 Energy combines a deeply
experienced technical and operations team with our established
global alternative investment management platform and brand.”
Craig Perry, Co-Founder of HB2 and the venture’s Executive
Chairman, added, “The entire HB2 team is excited to join together
with Colony. Colony’s global distribution capability and decades of
investment management experience will greatly enhance our
quantitative and technologically-driven approach to investments in
this space.”
About Colony HB2 Energy
Colony HB2 Energy combines investment management expertise with
a highly experienced technical and operating platform to provide
direct and unique investor access to oil and gas investment
opportunities. The firm is headquartered in Houston, Texas and
employs over 30 professionals with a broad range of industry
experience. For additional information, please refer to
www.colonyhb2.com.
About Colony Capital, Inc.
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
management firm with assets under management of $44 billion. The
Company manages capital on behalf of its stockholders, as well as
institutional and retail investors in private funds, non-traded and
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. The Company 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. For additional information
regarding the Company and its management and business, please refer
to www.clny.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include, without limitation, the ability to achieve the
anticipated benefits of the Colony HB2 Energy platform, the timing
and amount of third-party capital raising, the types and forms of
investment solutions and products provided by Colony HB2 Energy
platform and the ability to scale real asset sectors. Additional
information about these and other factors can be found in Colony
Capital’s reports filed from time to time with the Securities and
Exchange Commission.
Colony Capital cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. Colony Capital is under
no duty to update any of these forward-looking statements after the
date of this press release, nor to conform prior statements to
actual results or revised expectations, and Colony Capital does not
intend to do so.
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version on businesswire.com: https://www.businesswire.com/news/home/20181115006062/en/
Media Contacts:Blicksilver PRCaroline
Luz203-656-2829caroline@blicksilverpr.com
Lisa Baker914-725-5949lisa@blicksilverpr.com
Investor Contact:Addo Investor RelationsLasse
Glassen310-829-5400
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