Company managing principal and CEO Tibbetts says TRECAP came about from a combination of volatile markets and the desire of the three partners to climb back into an institutional advisory position. "Myself and two other partners had worked together in institutional investment management for a long time. We grew up in institutional management, it's something we love, we're very experienced in, and we saw all the problems that could possibly occur in this market," he tells GlobeSt.com. "We thought it was an ideal time to get back into the business, given where the economy and financial services businesses are today."
 Sligar |
Though Tibbetts declined to discuss specific deals, he says the times were responsible for formation of TRECAP. The current value decline in real estate, coupled with rising cap rates and almost no capital in the marketplace mean the TRECAP partners will need to provide new solutions along with their years of experience. Tibbetts says he, Klick and Sligar are ready to offer fresh ideas and a new perspective to institutions such as pension funds, corporations, wealth funds, endowments, banks, insurance company and high net-worth money managers.
 Klick |
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