Colony Capital and HB2 Announce Formation of New Energy Focused Investment Management Platform, “Colony HB2 Energy”
COLONY CAPITAL INC (CLNY)
Last colony capital inc earnings: 2/28 07:30 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Colony Capital, Inc. (NYSE: CLNY) today announced that it has formed a new energy focused investment management platform in partnership with HB2 and its seasoned management team headquartered in Houston, Texas. The new company will be named Colony HB2 Energy and will sponsor and manage third-party capital across a series of investment solutions providing investors more efficient forms of exposure to the upstream and midstream oil and gas industry. Colony HB2 Energy is led by President and CEO Michael Bertuccio, who brings nearly 30 years of industry experience and will lead the day-to-day operations, including acquisitions, development and asset management. Tom Barrack, Executive Chairman and CEO of Colony Capital, said, “Consistent with our corporate strategy to cycle out of mature and efficiently-priced asset classes into other scalable real asset sectors with thematic, b
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