Colony Capital partners with HB2 to form 'Colony HB2 Energy'
Colony Capital announced that it has formed a new energy focused investment management platform in partnership with HB2 and its seasoned management team headquartered in Houston, Texas. The new company will be named Colony HB2 Energy and will sponsor and manage third-party capital across a series of investment solutions providing investors more efficient forms of exposure to the upstream and midstream oil and gas industry. Colony HB2 Energy is led by President and CEO Michael Bertuccio, who brings nearly 30 years of industry experience and will lead the day-to-day operations, including acquisitions, development and asset management. Tom Barrack, Executive Chairman and CEO of Colony Capital, said, "Consistent with our corporate strategy to cycle out of mature and efficiently-priced asset classes into other scalable real asset sectors with thematic, balance sheet-lite investment management opportunities, this company will provide financially innovative yield and total-return products to the institutional and retail investor marketplace. Colony HB2 Energy combines a deeply experienced technical and operations team with our established global alternative investment management platform and brand." Craig Perry, Co-Founder of HB2 and the venture's Executive Chairman, added, "The entire HB2 team is excited to join together with Colony. Colony's global distribution capability and decades of investment management experience will greatly enhance our quantitative and technologically-driven approach to investments in this space."