CGI Merchant Group, a global investment management firm with a focus in real estate and private equity, has formed a new multimillion-dollar investment partnership with Alex Rodriguez, Major League Baseball MVP and serial investor, and Adi Chugh, capital markets veteran and founder of Maverick CP. The duo is among the starting lineup of high-profile and institutional investors backing the firm’s $650 million Hospitality Opportunity Fund (H-Fund).
As part of the agreement, Rodriguez and Chugh will support CGI’s investment strategies, expanding the firm’s debt capital markets capabilities, and assisting in the acquisition of upcoming trophy investments for the H-Fund. In this new venture with CGI, Rodriguez and Chugh also will take an active role in advancing the firm’s co-investment platform and expanding its flexible and multi-use office portfolio.
The H-Fund will focus on acquiring and developing hotel properties throughout North American and Caribbean markets
