NEW YORK, Feb. 7, 2021 /PRNewswire-PRWeb/ — Indicating its confidence in the city’s rebirth—and underscoring its plans to invest in the Big Apple—KPG Funds has hired a chief financial officer for the first time, and tapped veteran CFO Stephen Smith for the role. He brings more than 30 years of finance, accounting and operational experience to the growing real estate firm.
In his new role, Smith will manage KPG’s financial strategy and treasury functions. He will report to Greg Kraut, Chief Executive Officer. The new hire and position by the office focused real estate firm—which specializes in value-add acquisitions and development—was made in order to bulk up KPG’s finance, accounting and investment management team.
Formerly a CFO at several institutional private equity firms, including Iron Point Partners and Westbrook Partners, Smith is part of a KPG initiative to bulk-up its investment management team. KPG expects to do many