CBRE GI renames multi-manager unit

CBRE Global Investors has changed the name of its CBRE Global Multi Manager line of business to CBRE Global Investment Partners.

The change was made to better reflect the expanded offering of investment solutions that the business line provides, CBRE Group's investment arm said.

CBRE Global Investment Partners delivers investment solutions customized for clients’ individual risk and return objectives by constructing portfolios using private funds, secondaries, co-investments and joint ventures, partnering with operators and fund managers for each strategy. Strategies cover the risk spectrum from core to enhanced, can be global or regional in nature, and use a variety of investment vehicles based on clients' preferences.

'For many people, the term multi manager has just meant fund of funds,' said Jeremy Plummer, CEO of CBRE Global Investment Partners. 'As our investment approach expanded, we realised we needed a name that conveyed not only our global investment scope but also the breadth of investment vehicles that we utilize. The key point of differentiation from the direct business of CBRE Global Investors is that we always invest with operating partners, so we also reflected this in the name.'

CBRE Global Investment Partners has 66 investment professionals based in five offices around the globe supervising $13 bn (€9.9 bn) of assets under management.