Philip Barach Returns to Vista Following Retirement from DoubleLine Capital
Philip Barach, former founding partner and president of DoubleLine Capital, who recently retired from the L.A.-based investment management firm, plans to take a more active role as CEO and co-managing partner of Vista Investment Group. The privately-held real estate investment firm was co-founded by Philip with his son Jonathan in 2008.
“Jonathan and his team have built an impressive real estate portfolio, and a 12-year track record of generating attractive risk adjusted returns far superior than those in the equity and fixed-income markets,” said Philip Barach, who has raised and managed tens of billions of dollars over the course of his 43-year career.
The company plans to grow its capital base and, combined with the financial strength of its existing balance sheet, pursue increasingly larger value-add and distressed opportunities of $100 million and above throughout the Western U.S. Vista has roughly $1 billion in assets under management, with a portfolio of more than 2,000 multifamily units and nearly two million square feet of office.
* Pictured Vasona Technology Park in Campbell, CA
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