Fifth Wall cofounder Brendan Wallace has turned to Wall Street's Credit Suisse for new partner Jeremy Fox.Amid a flurry of special purpose acquisition companies—both its own and for its portfolio companies—venture capital firm Fifth Wall has turned to Wall Street for its newest partner.
Jeremy Fox has joined Fifth Wall from Credit Suisse, where he served as a managing director leading its real estate, gaming and lodging investment banking group. Fox previously spent 19 years at Deutsche Bank before switching firms in 2019.The new partner will focus on corporate partnerships and capital markets for Fifth Wall, a property tech-focused firm with $2.5 billion in assets.
In an interview, Fox said Fifth Wall could provide better expertise and investment exposure for its investors, which include Lennar and Pulte in home building, Cushman & Wakefield and CBRE in commercial real estate, as well as Koch Industries, Lowe’s, Marriott and Starwood Capital, among others. “It’s the idea of going deeper with these corporates to identify opportunities,” Fox says.
What’s perhaps more interesting to the broader venture community, however, is how Fox’s hire corresponds with a flurry of SPAC activity for Fifth Wall. The firm’s first SPAC,