Investcorp

Real Estate Weekly, Oct 1, 2008

Investcorp announced that Christopher Hoeffel is to join its U.S. based real estate team as managing director with responsibility for its debt investment business. In his new role, Hoeffel will have responsibility for the expansion of Investcorp's debt platform including capital deployment for the recently formed US $1 billion Investcorp Real Estate Credit Fund, L.P., as well as for a range of debt investment activities including originating and acquiring mezzanine debt, subordinate debt, CMBS, and preferred equity positions in U.S.

commercial real estate. Hoeffel brings 25 years of experience in commercial real estate, including the origination, structuring, underwriting and securitization of commercial mortgages and other real estate securities, as well as the acquisition of performing and non performing mortgages. He was a founding member of the commercial mortgage group at Bear Stearns, where he had responsibility for the origination and sale of over $200 billion of commercial real estate debt in the United States, Europe and Japan. Hoeffel served as senior managing director and global co-head of commercial mortgages for Bear Stearns prior to working at JP Morgan, where he was a managing director in the securitized products group. He was previously a vice president at Eastdil Realty, Inc. Hoeffel began his career in 1983 as a mortgage banker for Walker & Dunlop, Inc.