NEWS

Hines Hires Former Head of Carlyle Private Wealth

February 13, 2024

Experienced leader tapped to build out firm’s growing global private wealth solutions platform

(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 and RIA AUM as of June 302023.