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Gabriel Bousbib Benedicte Gravrand, Opalesque Geneva for New Managers:

Two Gottex chief officers left the firm, and the hedge fund industry at the end of 2012 to set up a real-estate investment firm in New York, in the belief this was where the opportunities would be in the next decade. Since then, they have formed several deals, gathered a number of limited partners, and are planning to launch a fund. And they still think real-estate is the place to be.

Arel Capital, LP, is a real-estate focused investment company, formed in January 2013 by Richard Leibovitch and Gabriel Bousbib. Leibovitch was a founding partner and the former Chief Investment Officer of Gottex Fund Management, an $8 billion publicly-traded asset management firm. Bousbib was the Chief Operating Officer of Gottex Fund Management. Over the past 20 years, Leibovitch has been investing in multi-family value-add rental properties and he now owns a portfolio valued in excess of $100m in the strategy.

Arel Capital, which has a staff of 10, focuses on buying real-estate assets, with an emphasis on mid-sized ($10-$70 million) multifamily residential properties, primarily in the US, with the goal of generating annualized net investment returns of 15% to 20%. All the partners at Arel invest in every single one of the firm’s opportunities side by side with their investors, who ar......................

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