Denver-based alternative investments firm Big 5 Asset Management has added a real-estate fund to its lineup, buying a real-estate investment trust fund from Credit Suisse.
The fund’s manager, Lawrence Raiman, will continue to helm the vehicle, joining Big 5 as a partner. Raiman and Big 5 founder Bo Brownstein worked together at Donaldson Lufkin & Jenrette, and was also one of Brownstein’s professors at Columbia University’s Graduate School of Business. Raiman had been head of global real estate securities at Credit Suisse.
Raiman’s fund has been renamed the Rhino Income Opportunity Fund. He will remain based in New York.
“Over the past two decades, Larry has participated in the development of the REIT industry and helped facilitate its growth from $11 billion in market cap in 1992 to approximately $600 billion today,” Brownstein said. “This breadth and depth of experience is a scarce asset, one which will be invaluable to our investment committee and a resource within our New York office.”