In May 2016, Raúl Gallegos joined the Asset Management group at Credit Suisse to develop and lead and new Real Estate lending platform through the launch of a specialized fund (CBFI) focused on issuing loans for income producing properties. The target asset classes for this vehicle include office buildings, retail centers, industrial properties and hotels. MMREIT was successfully closed in 3Q17 with $6,333 million pesos raised which provide capacity of up to $18,000 million pesos of AUMs with leverage. It is currently executing its first investments.
Prior to this, Mr. Gallegos was the President and CEO for GE in Mexico since July 2013, where he was focused on business development and growth in the country through the various industrial and financial business units. He represented the company as a whole which has 11,000 employees, 17 manufacturing plants, 5 service centers and the largest engineering center in Mexico with 1800 specialized engineers.
Raúl began his career with GE in 1997 in Stamford, Connecticut with the Latin America group of GE Capital Structured Finance, where he worked on debt and equity transactions for infrastructure projects in Energy, Telecom and the Transportation industries.
In 1999, he returned to México to join the GE Capital Real Estate business, where he first worked as a Relationship Manager and originator, and then as the leader of the Debt Business. During 7 years, he was focused on consolidating and growing their loan portfolio, achieving a level of specialization unique in the industry, and a completely integrated platform that became the market leader with over $4 billion dollars in assets. From 2006 to 2013, he served as General Manager of GE Real Estate in México, where he was responsible for both the debt and equity businesses which totaled more than $5 billion dollars in assets, including managing Intramerica Real Estate Group, one of the principal owners and operators of industrial properties in Mexico with a portfolio of more than 200 buildings and 17 million square feet. In December 2012, GE Capital Real Estate sold this platform to Macquarie to create what is now Fibra Macquarie.
Raúl is a Civil Engineer from Universidad Anáhuac and he has an MBA from Columbia University in New York. He started his professional career at Industrias Gar-Vel, one of the most important mechanical contractors in Mexico, where he participated and led some of the most important construction projects in the country.