By Joshua Burd
Senlac Ridge Partners has tapped an industry veteran as its head of investments, marking the latest addition to the Morristown-based private equity firm.
Peter Sibilia, who also joins the company as a partner, is a former managing director and co-head of JPMorgan Asset Management’s Northeast real estate investment team. Senlac announced the new addition Wednesday, noting that he brings more than 20 years of commercial real estate experience and has expertise evaluating and investing capital across a broad mix of product types and markets.
“We are thrilled to welcome Pete to our firm and look forward to benefiting from his deep expertise and exceptional relationship network as well as his outstanding track record in evaluating, structuring and consummating a broad range of real estate transactions in many markets,” said David Welsh, a founder and partner with Senlac. “Pete further bolsters our senior team at a pivotal time as we embark on a substantial growth phase driven by our current portfolio of development projects, as well as our intention to pursue attractive real estate opportunities across a broad range of product types and markets.”
Sibilia joined JPMorgan Asset Management in 2007 and was most recently responsible for overseeing an investment team that sourced and executed transactions from the New York City region to Boston, Senlac said, noting that the deals spanned multiple risk profiles and product types. Prior to that, he was a director and acquisitions officer for Arsenal Real Estate Funds.
He began his career in 2001 as an analyst at PGIM, formerly Prudential Real Estate Investors, and holds a bachelor’s in finance from Seton Hall University and is a CFA charter holder.
“This is an exciting time for Senlac as the current real estate markets are experiencing fundamental changes that will create attractive investment opportunities,” said Giorgios Vlamis, also a Senlac founder and partner. “We look forward to working with Pete in strategically growing our investment team and portfolio and maximizing our collective skillsets as we build an exceptional real estate platform.”
Sibilia is the latest partner to join the privately held firm, which was launched early last year by Finn Wentworth, Welsh and Vlamis. The founders, who boast more than 80 years of combined experience, started the company after selling Normandy Real Estate Partners to Columbia Property Trust.
“This is an ideal opportunity for me to launch the next phase of my career and join Senlac’s respected leadership team in contributing to the firm’s expansion,” Sibilia said. “Given the strength of our combined expertise, relationships and track record, Senlac is well positioned to capitalize on a broad mix of opportunities presented by the current environment and beyond. This is an extraordinary period for our industry and I look forward to joining the team and helping to chart Senlac’s future. I would also like to thank my former colleagues at JPMorgan Asset Management for all the years of friendship and support.”