TPG RE Finance Trust Announces Leadership Transition
February 24 2021 - 4:10PM
Business Wire
TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the
“Company”) announced today that Greta Guggenheim will retire from
her role as the Company’s Chief Executive Officer and Board Member,
effective March 31, 2021. Matthew Coleman, who currently serves as
the Company’s President, will assume day-to-day responsibility for
the Company’s management, effective immediately. TPG, in
conjunction with the TRTX Board of Directors, will promptly
commence a search for a Chief Executive Officer for the Company’s
next stage of growth.
“On behalf of the Board, I want to recognize Greta for her
contributions to TRTX over the last five years,” said Avi Banyasz,
Co-Head of TPG Real Estate and Chairman of the Board of TRTX. “Her
dedication and leadership have been important in establishing the
Company as a leading real estate debt franchise.”
“Matt is an industry veteran who has been involved with TRTX for
many years,” continued Banyasz. “His institutional knowledge,
insight, and expertise make him the right leader to guide the
Company through this time of transition and into its important next
chapter of growth.”
Coleman has been an officer of TRTX since its inception and was
appointed President in July 2020. He is a Partner of TPG and will
continue in his role as Chief Operating Officer of TPG Real Estate.
Prior to joining TPG in 2012, Coleman served as a Senior Vice
President in the real estate private equity group at D. E. Shaw
& Co. From 2000 through 2005, Coleman was an attorney in the
New York City office of Cravath, Swaine & Moore LLP. He
currently serves on the Boards of Directors of Bluegrass Senior
Living, Tempore Properties, and Campus Student Housing.
“I’m fortunate to have been part of TRTX’s journey since its
founding and am excited to continue serving the Company during this
transition,” said Coleman. “Looking ahead, we remain focused on
executing our strategy and delivering on our objectives to continue
serving our clients, growing our platform, and generating long-term
value for our shareholders.”
A career-long lender, Guggenheim joined TPG in 2016 to build and
grow the firm’s newly formed real estate debt platform. She led the
Company through a successful public offering just one year into her
tenure while meaningfully increasing originations and establishing
a deep bench of experienced lending professionals. At the Firm’s
request, Guggenheim will serve as a Senior Advisor to TPG during a
transition period.
“I want to thank TPG and the TRTX team for their commitment and
support,” said Guggenheim. “I am incredibly proud of what we’ve
accomplished and know that the Company is well positioned for
continued success.”
ABOUT TRTX
TPG RE Finance Trust, Inc. is a commercial real estate finance
company that originates, acquires, and manages primarily first
mortgage loans secured by institutional properties located in
primary and select secondary markets in the United States. The
Company is externally managed by TPG RE Finance Trust Management,
L.P., a part of TPG Real Estate, which is the real estate
investment platform of global alternative asset firm TPG. For more
information regarding TRTX, visit
http://investors.tpgrefinance.com/.
FORWARD-LOOKING STATEMENTS
The information contained in this press release contains
“forward‐looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are subject to various risks and uncertainties,
including, without limitation, statements relating to the
performance of the investments of the Company; the ultimate
geographic spread, severity and duration of pandemics such as the
recent outbreak of novel coronavirus (“COVID-19”), actions that may
be taken by governmental authorities to contain or address the
impact of such pandemics, and the potential negative impacts of
such pandemics on the global economy and the Company’s financial
condition and results of operations; the Company’s ability to
originate loans that are in the pipeline and under evaluation by
the Company; and financing needs and arrangements. Forward-looking
statements are generally identifiable by use of forward-looking
terminology such as “may,” “will,” “should,” “potential,” “intend,”
“expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,”
“could,” “project,” “predict,” “continue” or other similar words or
expressions. Forward-looking statements are based on certain
assumptions, discuss future expectations, describe existing or
future plans and strategies, contain projections of results of
operations, liquidity and/or financial condition or state other
forward-looking information. Statements, among others, relating to
the continuing impact of COVID-19 on the Company’s business,
financial condition and results of operations and the Company’s
ability to generate future growth and deliver returns are
forward-looking statements, and the Company cannot assure you that
TRTX will achieve such results. The ability of TRTX to predict
future events or conditions or their impact or the actual effect of
existing or future plans or strategies is inherently uncertain.
Although the Company believes that such forward-looking statements
are based on reasonable assumptions, actual results and performance
in the future could differ materially from those set forth in or
implied by such forward-looking statements. You are cautioned not
to place undue reliance on these forward-looking statements, which
reflect the Company’s views only as of the date of this press
release. Except as required by law, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of the forward-looking statements appearing in this
press release. The Company does not undertake any obligation to
update any forward-looking statements contained in this press
release as a result of new information, future events or
otherwise.
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INVESTOR RELATIONS CONTACT +1 (212) 405-8500
IR@tpgrefinance.com
MEDIA CONTACT TPG RE Finance Trust, Inc. Luke Barrett and
Courtney Power +1 (415) 743-1550 media@tpg.com
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