Proptech venture capitalist MetaProp has appointed real estate private equity executive Monica O’Neill as a partner to drive the expansion of its institutional client base.
O’Neill, who has a 30-year career in the real estate sector, will focus on growing the business across international markets. During her career she has helped build high-profile emerging and mid-sized investment management firms in the US and Europe, including raising more than $10bn (£7bn) as a partner and head of investor relations for AEW and Tristan Capital Partners. At MetaProp, she will oversee investor relations for endowments, foundations, pension funds, insurance companies, and sovereign wealth funds and will be based in Washington DC.
MetaProp co-founder and managing partner Aaron Block said: “Monica has deep real estate and asset management relationships around the world and is a proven leader in fundraising, client relations, and global marketing. We’ve known her for a number of years and are confident that Monica’s long experience will be invaluable for MetaProp in accelerating the further globalisation of the firm’s business and introducing institutional investors to our portfolio companies that will represent the future champions of the proptech industry.”
O’Neill added: “The potential for proptech to transform real estate investment processes and productivity, as well as ESG technologies, in the fight against global climate change, are truly enormous. Real estate’s pivotal role in economies and yet its dependence on traditional business models means the industry is the next great prize in tech investing. Institutional investors and private wealth managers are increasingly recognising the opportunity and do not want to miss the train.”
To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews
