(HOUSTON) – Hines, the global real estate investment manager, has appointed industry veteran Paul Ferraro as head of its global private wealth solutions strategy, effective today.
Paul was previously the global head of private wealth at Carlyle and has been an integral part of the business since 2011. During his tenure, Carlyle expanded its global private wealth capital to over $50B, accounting for approximately 13% of the firm’s AUM. He also played a pivotal role in growing the company’s distribution reach across the Americas, Europe and Asia.
Hines Global CIO David Steinbach said, “We believe that as allocations to the private wealth space are expected to enter the trillions and investors achieve easier access to these products, Hines is well positioned due to our brand and track record. Paul’s exceptional success in leading global private wealth platforms and raising significant capital from this space will propel Hines’ expansion of investment solutions and partnerships.”
Hines, a leader in innovative real estate strategies since 1957, has demonstrated its commitment to investors through various private wealth investment vehicles over the past 20 years. Paul’s appointment underscores the firm’s dedication to investors and confidence in this growing sector.
In his new capacity, Paul will play a vital role as a senior member of the Hines leadership team, contributing to product strategy, driving global distribution, and nurturing strong relationships within the private wealth management sector.
About Hines
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage a $94.6B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 790 properties totaling over 269 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2023.
