What we are

GMF CAPITAL is an investment management platform engaged in private equity and alternative investments across a range of asset classes, including real estate, healthcare and structured credit.

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What we do

We seek to generate outsize risk-adjusted returns by leveraging our experience, market analysis and proprietary network of relationships. We focus on undervalued, typically cash-flowing assets characterized by exit liquidity and limited exposure to cyclical volatility.

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Team

Our people combine decades of achievement,
reputation and integrity.

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Contact

INVESTMENT MANAGEMENT

  • GARY M. FEGEL
    Founder & Chairman
  • JAY LOBELL
    Co-Founder & CEO
  • JEFFREY D. SELINGER
    Partner & Chief Investment Officer
  • DANIEL O’KEEFE
    Managing Director & Head of Healthcare
  • AMY FISCHER
    Director, Project Management
  • WILLIAM J. GRANT, JR.
    Director, Acquisitions
  • SCOTT LIEBMAN
    Vice President, Acquisitions
  • JARED FRYDMAN
    Vice President, Acquisitions
  • DANIEL KLODOR
    Senior Associate, Healthcare Acquisitions
  • CHARLES HURA
    Associate, Asset Management
  • Ahsan Syed
    Associate, Acquisitions
  • David Seo
    Associate, Asset Management
  • Aliza Klein
    Associate, Asset Management
  • ARI ROSENBLUM
    Analyst, Asset Management
  • Jimmy Humphrey
    Analyst, Acquisitions

OPERATIONS & CLIENT SERVICE

  • SIMON MARCIANO
    Executive Vice President & General Counsel
  • Manan Shukla
    Chief Financial Officer
  • DOUG MCKEIGE
    Managing Director, Business Development
  • STEPHEN LOBELL
    Managing Director, Capital Markets
  • ALISON FRIEDMAN
    Associate General Counsel
  • Chelsea Whitaker
    Associate Attorney
  • Jessica Kravitz
    Assistant Controller
  • MORGAN FERRELL
    Analyst, Investor Relations & Marketing
  • Claudia Stacks Twilley
    Coordinator, Investor Relations
GARY M. FEGEL
Founder & Chairman

Gary Fegel founded GMF Capital in 2013.

Prior to GMF, Gary was a Senior Partner at Glencore Plc., one of the world’s largest commodity trading and mining companies where he was responsible for the global aluminum business.

Prior to that, he worked as a trader for UBS and Credit Suisse in their derivatives departments in Zurich, London and New York. In addition to real estate, healthcare and credit, Gary invests in and manages a variety of technology, consumer and commodity businesses, and sits on the boards of several private companies. Gary holds an M.B.A. from the University of St. Gallen.

JAY LOBELL
Co-Founder & CEO

Jay Lobell co-founded GMF Capital with Gary Fegel. Jay runs GMF on a day-to-day basis and is closely involved in sourcing and evaluating real estate and healthcare investment opportunities. Jay also serves on the boards of selected healthcare operating companies.

Prior to co-founding GMF, Jay served as President of Meridian Capital Group, LLC, the nation's second-largest mortgage intermediary, where his focus included charting business strategy and creating new businesses such as Beech Street Capital, an agency lender, and Meridian Investment Sales, a sales brokerage. During that time, Jay undertook several dozen real estate acquisitions, often utilizing the Co-Sponsor strategy that is now a foundation of GMF. Prior to that, Jay served as President and Chief Operating Officer of a national biotechnology development and investment firm. Previously, Jay was a partner at Covington & Burling LLP, a national law firm, where he advised companies and individuals in a variety of regulatory, transactional and litigation matters. Jay holds a J.D. from Yale Law School where he was Senior Editor of the Yale Law Journal.

JEFFREY D. SELINGER
Partner & Chief Investment Officer

Jeff Selinger, alongside Jay Lobell, leads the sourcing of real estate investment opportunities and potential sponsor partners as well as the development of new investment products. Jeff is involved in several facets of GMF, including spearheading acquisitions for the company, with a focus on managing the sourcing and underwriting teams, as well as overseeing the firm’s asset management, investor reporting and other business operations functions.

Prior to joining GMF, Jeff was a Managing Director of Vanbarton Group, where he was responsible for sourcing, underwriting and execution of equity and credit acquisition opportunities. Jeff consummated more than $2 billion of investments across various property types and locations in U.S. markets on behalf of that firm’s institutional pension fund clients. Prior to joining Vanbarton in 2009, Jeff was an investment professional at Lehman Brothers where he evaluated investments on behalf of its real estate private equity funds. Jeff was previously an Investment Banking Senior Analyst at Merrill Lynch. Jeff holds a B.S. from the Stern School of Business at New York University and an M.B.A. from the Wharton School at the University of Pennsylvania.

DANIEL O’KEEFE
Managing Director & Head of Healthcare

Dan is responsible for sourcing and executing GMF’s healthcare real estate investment opportunities and identifying potential operating partners.

Prior to joining GMF, Dan was a Director at MTS Health Partners, an investment banking and advisory firm dedicated solely to the healthcare industry. During his tenure at MTS, Dan advised both public and private companies across a wide range of healthcare services sectors, including assisted living, home health, hospice, and long-term/post-acute care, completing transactions with an aggregate value of over $3 billion. Prior to joining MTS in 2011, Dan was a Senior Associate at Deloitte Advisory where he advised companies in healthcare services on valuation and transactional matters. Dan holds a B.B.A. in Finance from the University of Notre Dame as well as a J.D. and M.B.A. from the University of Pittsburgh.

AMY FISCHER
Director, Project Management

Amy Fischer oversees construction projects and is actively involved in asset management across the GMF portfolio.

Amy has 20 years of property management and construction experience, during which time she has overseen or completed real estate redevelopment and construction projects and managed assets in more than a dozen states.

Prior to joining GMF, Amy was Senior Development Project Manager at Hutton, a fully-integrated retail development company based in Tennessee. Amy was previously Director of Operations at Vanbarton Group, where she led a team of property and construction personnel charged with the management and redevelopment of a 36-property portfolio owned by a public pension fund. Amy started her real estate career as multifamily leasing consultant and subsidized housing program manager. Amy holds a B.A. from Southern Illinois University, Carbondale.

WILLIAM J. GRANT, JR.
Director, Acquisitions

Bill Grant coordinates the asset management program and is responsible for sourcing and underwriting real estate investment opportunities.

Prior to joining GMF, Bill spent nearly seven years at Cerberus Real Estate Capital Management executing opportunistic real estate investments in the U.S. and internationally. At Cerberus, Bill evaluated investments across numerous asset classes and throughout the capital structure using a variety of debt and equity structures. Bill also was responsible for asset management and disposition of existing investment positions. Prior to joining Cerberus, Bill was an Analyst at Duff & Phelps.Bill holds a B.S. in Finance and Accounting from Boston University.

SCOTT LIEBMAN
Vice President, Acquisitions

Scott Liebman sources, underwrites and asset manages real estate investments for GMF.

Prior to joining GMF, Scott worked with high net worth investors investing equity alongside operating partner/sponsors throughout the United States. From 2006 through 2014, he was a Managing Director at UBS AG, where he managed a global portfolio of commercial real estate debt and equity. Prior to UBS, Scott originated debt and equity investments for Emigrant Savings Bank as well as more than $1 billion in high yield investments at Commercial Ventures, the merchant banking division of GMAC Commercial Mortgage. Previously, he was a Vice President at Citigroup where he asset managed, liquidated and worked-out a multi-billion dollar distressed real estate portfolio and then originated and structured $700 million of securitized mortgage loans. Scott began his real estate career at Cushman & Wakefield and his business career at Bankers Trust Company. Scott holds a BA in Economics from St. Lawrence University.

JARED FRYDMAN
Vice President, Acquisitions

Jared Frydman is responsible for sourcing, underwriting and asset managing real estate investments.

Prior to GMF, Jared worked at Northwood Investors analyzing and executing real estate equity and debt investment opportunities. Before joining Northwood, he was a member of Citigroup’s Real Estate & Lodging Investment Banking Group, where he focused on corporate advisory assignments and capital markets transactions for the firm’s real estate and lodging clients. Jared holds a B.S. in Economics from Johns Hopkins University.

DANIEL KLODOR
Senior Associate, Healthcare Acquisitions

Daniel Klodor joined GMF Capital in 2018 and is responsible for sourcing, underwriting and asset managing healthcare investments.

Prior to GMF, Daniel was an Associate at Lazard in the middle market healthcare advisory group. During his tenure at Lazard, he worked with public and private companies on buy-side and sell-side engagements in the healthcare services industry. Before joining Lazard, Daniel was a member of Lancaster Pollard’s Mergers and Acquisition practice, where he focused exclusively on senior housing and long-term / post-acute care transactions. Daniel holds a B.B.A. in Accounting from the University of Notre Dame and is a Certified Public Accountant in the State of Ohio.

CHARLES HURA
Associate, Asset Management

CJ is responsible for asset management of real estate investments and analyzing the performance of GMF’s investment portfolio.

Prior to joining GMF, CJ spent six years at J.P. Morgan in the Technology, Media, & Telecommunications and Equity Capital Markets Investment Banking groups. He executed over 50 transactions, which ranged across mergers & acquisitions, initial public offerings, follow-on equity offerings, and debt offerings. He spent a majority of his time focusing on J.P. Morgan’s technology clients with deals ranging from $100 million to $10 billion. CJ holds a B.S. in Finance from The Pennsylvania State University.

Ahsan Syed
Associate, Acquisitions

Ahsan Syed is responsible for sourcing and executing acquisitions for GMF Capital

Prior to joining GMF Capital, Ahsan was part of the acquisitions team at C-III Capital Partners. Ahsan started his career in investment banking at UBS. Ahsan graduated from Baruch College with a B.B.A. in Finance and Harvard University with an M.L.A. in Finance.

David Seo
Associate, Asset Management

David Seo joined GMF Capital in 2019 and is responsible for supporting GMF’s asset management function and analyzing performance of GMF’s investment portfolio.

Prior to joining GMF, David was an Asset Manager at GFI Capital Resources Group, Inc., where he managed both financial and operational performances of a real estate portfolio consisting of 6,000 multifamily units and 60,000 square feet of retail/office space in New York City, Dallas, Kansas City, Atlanta, Savannah, Fort Lauderdale and Detroit. David participated in transactions with combined value of $575 million for dispositions and acquisitions of multifamily and commercial investments in various U.S. markets. David holds a B.A. in Architecture from the University of California, Berkeley and a Master of Architecture and a M.S. in Real Estate Development from Columbia University.

Aliza Klein
Associate, Asset Management

Aliza Klein is responsible for supporting GMF’s asset management function and analyzing performance of GMF’s investment portfolio.

Prior to joining GMF, Aliza was a Project Coordinator of real estate development at WeWork. Aliza graduated as Valedictorian of the Sy Syms School of Business at Yeshiva University, where she received a B.S. in Finance.

ARI ROSENBLUM
Analyst, Asset Management

Ari Rosenblum is responsible for supporting GMF’s asset management function and analyzing performance of GMF’s investment portfolio.

Prior to joining GMF, Ari was a Senior Associate in the Financial Services Audit group at Ernst & Young where he performed and managed multiple financial statement audits and advised on best practice solutions in financial statement compliance, internal controls, and valuations processes for Fortune 500 companies in the banking and real estate sectors. Ari is a Certified Public Accountant and holds an M.S. in Accounting from Farleigh Dickinson University.

Jimmy Humphrey
Analyst, Acquisitions

Jimmy Humphrey joined GMF Capital in 2019 and is responsible for completing underwriting and market research for real estate investments.

Prior to joining GMF, Jimmy was an Analyst at The Blackstone Group where he focused on the asset management of the firm’s 200 million square foot domestic industrial portfolio. He helped with the execution of over 25 industrial acquisitions and was responsible for deal onboarding and business plan implementation, serving as a primary liaison between the deal team and operating partners and platform companies. Jimmy holds a B. S. in Finance, Accounting and Real Estate from the University of Virginia.

SIMON MARCIANO
Executive Vice President & General Counsel

Simon Marciano is responsible for all legal and compliance matters, and instrumental in devising and implementing GMF’s business strategy.

Prior to joining GMF, Simon was a Principal in the law firm of Neuberger, Quinn, Gielen, Rubin and Gibber, P.A. As a member of Neuberger’s Real Estate Practice Group, Simon’s primary areas of focus were joint ventures, acquisition and development and securitized finance. Simon holds a J.D. from Georgetown University Law Center, where he currently serves as an adjunct-professor, and a B.A. and M.A. from Ner Israel Rabbinical College.

Manan Shukla
Chief Financial Officer

Manan Shukla joined GMF Capital in 2019 and is responsible for finance, accounting and tax related matters.

Prior to joining GMF, Manan was Chief Financial Office of Gaia Real Estate. He was involved in investments of over $900 million and dispositions of over $1 billion across various locations in the U.S. markets on behalf of that firm’s institutional insurance and pension fund clients. Prior to joining Gaia, Manan was CFO of a family office where he was responsible for a 10,000+ unit portfolio in upstate New York and Berkshires. He was previously controller at Urban American where he was responsible for accounting, treasury and reporting of funds and construction subsidiary. Manan holds an M.B.A. from Pace University.

DOUG MCKEIGE
Managing Director, Business Development

Douglas McKeige is responsible for business development and relationship management.

Prior to GMF, Doug ran business development at hedge funds Balestra Capital and Fort, LP. At both firms, he was instrumental in growing assets under management through educating and communicating with institutional investors about firm investment strategies and positioning. Doug practiced law from 1986 to 2006, first at Paul Weiss Rifkind Wharton & Garrison and then spent the core of his legal career at Bernstein Litowitz Berger & Grossmann, LLP, where he was Co-Managing Partner and ran the firm’s client development and case origination process. He received a B.A. in Economics from Tufts University and a J.D. from Tulane Law School where he was Articles Editor of the Tulane Law Review.

STEPHEN LOBELL
Managing Director, Capital Markets

Stephen Lobell’s responsibilities at GMF range from co-investor development and management to co-sponsor sourcing and structuring. Stephen works with senior management in analyzing prospective transactions from a high net worth investment perspective and devotes substantial attention to the identification and development of alternative co-investment sources.

Stephen founded SL Online Ventures, a platform he continues to operate, which is focused on high-end travel and entertainment programs as well as technology venture capital. His educational background includes degree programs in economics at the University of Maryland and comparative law at Ner Israel Rabbinical College.

ALISON FRIEDMAN
Associate General Counsel

Alison joined GMF in 2018 and in her role as Associate General Counsel handles real estate transactions and other legal matters.

Prior to joining GMF, Alison was a Partner at Gallagher Evelius & Jones LLP, where her practice focused on the representation of owners, developers, investors and lenders in complex commercial real estate transactions, including acquisitions, development, construction and management matters, financings and sales. Alison holds a J.D. from the University of Maryland School of Law and a B.A. from the University of Pennsylvania.

Chelsea Whitaker
Associate Attorney

Chelsea Whitaker joined GMF in 2019 and supports the General Counsel and Associate General Counsel in real estate transactions and business legal matters.

Prior to joining GMF, Chelsea was a Foreign Affairs Officer at the U.S. Department of State. Chelsea holds a J.D. from the University of Baltimore School of Law, an M.P.A from the University of Baltimore College of Public Affairs, and a B.A. from the University of Baltimore College of Public Affairs.

Jessica Kravitz
Assistant Controller

Jessica Kravitz joined GMF Capital in 2019 and supports the CFO in finance, accounting, and tax related matters.

Prior to joining GMF, Jessica was the finance director of WE tv at AMC Networks. Jessica holds a B.S. in Accounting from the Stern School of Business at New York University and is a Certified Public Accountant in the State of New York. 

MORGAN FERRELL
Analyst, Investor Relations & Marketing

Morgan joined GMF Capital in 2017 and is responsible for coordinating investor relations, client reporting and marketing initiatives.

Morgan holds a B.A. in Middle East Studies and Arabic from Brigham Young University.

Claudia Stacks Twilley
Coordinator, Investor Relations

Claudia joined GMF Capital in 2019 and is responsible for coordinating investor relations, client reporting and marketing initiatives.

Prior to joining GMF, Claudia was an analyst at BB&T Capital Markets. Claudia holds a B.A. in Journalism and Mass Communication from the University of North Carolina-Chapel Hill. 

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