FOR IMMEDIATE RELEASE
Jeff Giller and Brendan MacDonald Announce the Formation of Clairvue Capital
Partners and the $250 Million Initial Closing of the Firm’s First Fund, Clairvue
Capital Partners I
San Francisco, May 12, 2010 – Jeff Giller and Brendan MacDonald announced today that they
have formed Clairvue Capital Partners, and held an initial closing of the company’s first fund,
Clairvue Capital Partners I, with $250 million in capital commitments. Clairvue was established
to manage funds focused on recapitalizing real estate private equity funds, real estate
operating companies, institutionally managed property portfolios, joint ventures, investors’
balance sheets and other types of real estate platforms that would benefit from restructuring.
Clairvue is based in San Francisco but it will make its investments globally.
“With the extreme dislocation in the global commercial real estate market, over a trillion
dollars in real estate debt maturing in the next three years, and the credit markets locked up,
there is a present and growing need to recapitalize real estate funds and other real estate
platforms,” according to Giller. “Our expertise in underwriting and structuring investments in
real estate portfolios, funds and entities and our ability to invest on a passive non-controlling
basis makes Clairvue an attractive partner for sponsors and other institutional investors
requiring capital to pay down or buy-back existing loans, complete projects, fund capital calls,
or make new investments,” added MacDonald.
Investment funds managed by Goldman Sachs Asset Management’s Private Equity Group have
provided an initial capital commitment to Clairvue Capital Partners I and have also made an
investment in Clairvue’s management company, Clairvue Realty Advisors. “We are thrilled to
be in partnership with Goldman Sachs and feel that their investment savvy, global reach and
financial strength will be extremely accretive to our business,” said Giller.
“We believe there are emerging oppo