Liquid Realty gears up for second fund

Liquid Realty Partners, the San Francisco and New York-based real estate secondary fund, has appointed Greg Guido to its New York team.

Greg Guido has joined US real estate secondary fund Liquid Realty Partners and will start in his new role as an associate on January 4 2004. 

Guido was formerly an associate at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette, and was a founder and managing partner of Convergence Capital, an opportunistic real estate fund focused on investments in Central and Eastern Europe.

“Greg is a seasoned investment professional whom we expect will make an immediate contribution to our firm. With his addition, we are well staffed to invest and manage our second fund in 2004,” said Mark Berman, the firm’s managing director in New York. Berman jointly heads the business alongside San Francisco-based managing partner Scott Landress.

Liquid Realty Partners is a private investment firm focused exclusively on providing early liquidity to institutional real estate investors by acquiring fund and partnership interests on a secondary basis.

The firm is currently investing its $100m second fund, Liquid Realty Partners II, having fully invested its first $12m first fund almost a year ago. The first fund acquired interests in five real estate-focused private equity funds.

Berman co-founded Liquid Realty after running Trinad Partners, a private equity firm he founded in 1994. Prior to that, he was mergers and acquisitions attorney with Skadden, Arps. Landress was formerly the global managing director of real estate investment banking at Bank of America and held senior real estate investment positions at Merrill Lynch, Paine Webber and Kidder Peabody.                  

Guido, 30, joins a five-strong team that also includes director of acquisitions Vic Fracaro, who was formerly a partner and senior investment officer at DivcoWest Properties and Page Mill Properties, and strategic advisor Byron Sheets, a senior partner at secondary specialist Paul Capital Partners.