Key Takeaways
- • Strategic Capital Expansion: Prologis appoints Ted Eliopoulos as managing director of Strategic Capital, a role the company identifies as "a significant part of our growth trajectory," signaling intensified focus on private investment business development.
- • Deep Real Assets Expertise: Eliopoulos brings 17+ years of institutional real asset experience, including tenure as CalPERS Chief Investment Officer (2014-2018), vice chairman at Morgan Stanley Investment Management (2019-2022), and CEO of Calvert Research and Management, directly aligned with logistics real estate investment requirements.
- • Reporting Structure and Collaboration: Eliopoulos will work alongside Karsten Kallevig, global head of Strategic Capital, with both executives reporting to Dan Letter, Prologis' global president, positioning the private investment function as a core strategic priority within the organization.
- • Leadership Continuity: The hire reflects CEO Hamid Moghadam's commitment to leveraging external institutional investment expertise to accelerate Prologis' private capital fundraising and partnership development in an increasingly competitive logistics real estate market.
Summary
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, announced on August 19, 2024, that Ted Eliopoulos has joined the company as managing director of Strategic Capital. The appointment underscores Prologis' strategic pivot toward expanding its private investment business, a segment the company characterizes as central to its forward growth agenda.
Eliopoulos brings substantial institutional investment credentials to the role. Most recently, he served as managing director and senior advisor at Calvert Research and Management, where he previously held the position of CEO and president. His career has been anchored in real assets investing and large-scale institutional capital management. From 2019 to 2022, he served as vice chairman and head of Strategic Partnerships at Morgan Stanley Investment Management (MSIM), and from 2014 to 2018, he was chief investment officer of the California Public Employees' Retirement System (CalPERS), one of the largest U.S. public pension funds. Prior to his CIO appointment, Eliopoulos spent seven years at CalPERS as Senior Investment Officer overseeing real estate and real assets portfolios.
In his new capacity, Eliopoulos will collaborate closely with Karsten Kallevig, global head of Strategic Capital, with both reporting to Dan Letter, Prologis' global president. CEO Hamid Moghadam stated that Eliopoulos "brings a tremendous amount of experience and unique insight to this new role" and emphasized that the Strategic Capital business represents a critical growth pillar for the company. Eliopoulos expressed alignment with the firm's strategy, noting that "the majority of my professional career has centered around real assets" and that he is "thrilled to focus all of my attention on the global leader in logistics real estate," citing Prologis' "unique advantages in the marketplace" and substantial partnership expansion potential.
The hire reflects institutional confidence in Prologis' ability to compete for sophisticated private capital amid growing institutional appetite for logistics real estate exposure. Eliopoulos' combination of pension fund stewardship experience, private investment management background, and strategic partnerships expertise positions him to accelerate capital formation efforts while deepening relationships with existing institutional investors and institutional partners globally.
Eliopoulos brings substantial institutional investment credentials to the role. Most recently, he served as managing director and senior advisor at Calvert Research and Management, where he previously held the position of CEO and president. His career has been anchored in real assets investing and large-scale institutional capital management. From 2019 to 2022, he served as vice chairman and head of Strategic Partnerships at Morgan Stanley Investment Management (MSIM), and from 2014 to 2018, he was chief investment officer of the California Public Employees' Retirement System (CalPERS), one of the largest U.S. public pension funds. Prior to his CIO appointment, Eliopoulos spent seven years at CalPERS as Senior Investment Officer overseeing real estate and real assets portfolios.
In his new capacity, Eliopoulos will collaborate closely with Karsten Kallevig, global head of Strategic Capital, with both reporting to Dan Letter, Prologis' global president. CEO Hamid Moghadam stated that Eliopoulos "brings a tremendous amount of experience and unique insight to this new role" and emphasized that the Strategic Capital business represents a critical growth pillar for the company. Eliopoulos expressed alignment with the firm's strategy, noting that "the majority of my professional career has centered around real assets" and that he is "thrilled to focus all of my attention on the global leader in logistics real estate," citing Prologis' "unique advantages in the marketplace" and substantial partnership expansion potential.
The hire reflects institutional confidence in Prologis' ability to compete for sophisticated private capital amid growing institutional appetite for logistics real estate exposure. Eliopoulos' combination of pension fund stewardship experience, private investment management background, and strategic partnerships expertise positions him to accelerate capital formation efforts while deepening relationships with existing institutional investors and institutional partners globally.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.