After a long career in investment banking, in 2005, Jeff Barcy was recruited from Credit Suisse to Hearthstone by Jim Pugash, its founder and CEO, to work closely with him to build and manage the Hearthstone business. Hearthstone manages funds for numerous public and private pension plans, university endowments, Fortune 100 companies and large private trusts.  In late 2007, Jeff Barcy decided to start Ridgeback Partners to take advantage of opportunities in the distressed real estate market; he hired an investment bank to raise institutional capital and secured capital commitments from a number of institutional investors. Ridgeback Partners was patient in deploying capital, reviewing many deals in 2008 but waiting until 2009 to begin investing capital, including purchasing a number of Southern California gated communities like Madison Estates (www.madisonestatesliving.com) and Monte Sereno (www.psmontesereno.com) in Palm Springs. In 2010, Ridgeback Partners began to harvest a number of deals, generating revenue from the sale of assets at attractive IRRs and investment multiples.  Ridgeback is able to offer compelling deals and values to consumers and builders due to its low basis in purchasing assets directly from banks and the FDIC.

Jeff Barcy Wall Street Career

After graduating from Harvard College in 1991, Jeff Barcy spent three years working on Wall Street and in Los Angeles as an investment banker for a firm called CS First Boston, later known as Credit Suisse.  He helped raise billions of dollars of capital for banks and savings and loans that were struggling to survive. From 1994 to 1996, Jeff studied at the Harvard Business School, where he graduated with an M.B.A. in June of 1996.  During the summer of 1995 Jeff worked as an Associate at Morgan Stanley. Jeff Barcy joined the Los Angeles office of Donaldson, Lufkin and Jenrette (DLJ) in 1996 as an Associate, and worked his way up through the ranks over the course of nine years to become a Director in its investment banking division.

Jeff Barcy Co-Founder of Ridgeback Partners

Jeff Barcy is the Chief Executive Officer and co-founder of Ridgeback Partners. Before founding Ridgeback Partners, Mr. Barcy held several senior management positions at Hearthstone, a leading institutional investor in for-sale residential real estate, with approximately $4 billion in capital from investors.  At Hearthstone Jeff Barcy was a member of both the Investment Committee and the Board of Directors of Hearthstone.  Prior to joining Hearthstone, Mr. Barcy spent over a decade at Credit Suisse First Boston, most recently as a Director in the real estate investment banking department.

From 1994 to 1996, Jeff studied at the Harvard Business School, where he graduated with an M.B.A. in June of 1996.  During the summer of 1995 Jeff worked as an Associate at Morgan Stanley. Jeff Barcy joined the Los Angeles office of Donaldson, Lufkin and Jenrette (DLJ) in 1996 as an Associate, and worked his way up through the ranks over the course of nine years to become a Director in its investment banking division

 

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