Fifth Wall, the $3 billion asset manager investing in proptech, announced the launch of Fifth Wall Securities, a Financial Industry Regulatory Authority (FINRA)-registered broker-dealer. Fifth Wall Securities will focus on delivering advisory services to its clients from mergers and acquisitions to capital raising, such as private placements, propco financing and capital markets advisory.
Most recently, Fifth Wall Securities served as an advisor to Industrious, a Fifth Wall portfolio company and a provider of flexible workplace solutions, in its definitive agreement to be acquired by CBRE.
“The launch of Fifth Wall Securities marks a defining moment in our continued evolution, further solidifying our leadership at the nexus of real estate and technology,” said Brendan Wallace, CEO and Chief Investment Officer of Fifth Wall. “From day one, Fifth Wall has been more than just a monoline VC fund and our growing advisory business has allowed us to attract, retain, and reward exceptional investment talent. Our model is predicated on trusted relationships with our LPs and portfolio companies, and this new capability strengthens our ability to drive even greater value to our stakeholders in ways that we previously could not.”
Since its inception in 2016, Fifth Wall has helped to raise more than $670 million of strategic capital across its portfolio and formed 36 special purpose vehicles for its portfolio companies. Fifth Wall has worked across its portfolio and LPs to help form strategic partnerships, such as the Opendoor-Lennar partnership, CBRE-VTS investment and Lessen-SMS Assist merger.
In addition to his role as co-president of Fifth Wall, Jeremy Fox will serve as CEO of Fifth Wall Securities. The career investment banker and established advisor to the global real estate industry joined Fifth Wall’s leadership in 2021 from Credit Suisse, where he served as Co-Head of North American Real Estate, Gaming, and Lodging Investment Banking. Fox previously spent two decades with Deutsche Bank, recently serving as head of U.S. equity capital markets.
