**California People and Company News — Week of May 23, 2025**
**CIM Group Expands Credit Platform with Key Hire**
CIM Group announced the hiring of Matthew Borstein as Managing Director and Co-Head of Credit, further expanding the firm’s credit team and platform. Borstein brings over 25 years of experience in real estate investments, loans, securities, and hard assets. He most recently served as Partner and Portfolio Manager at Oak Hill Advisors, where he founded and led the firm’s commercial real estate business.
**Savills Grows Orange County Office**
Savills continues its expansion in Southern California with the addition of Scott Wetzel as Executive Managing Director in the firm’s Orange County office. Wetzel joins from JLL and brings more than 15 years of industry experience. Also joining Savills is Shara Famili, who will serve as Associate Director.
**Pender Capital Strengthens Leadership Team**
Investment manager Pender Capital has named Andrew Tran as Chief Financial Officer and Will Dyer as Senior Vice President of Loan Operations. Tran brings over three decades of experience in financial services and alternative investment management, including 16 years in executive roles at Coast Asset Management. Dyer was previously Principal and Chief Investment Officer at Bay Mountain Capital.
**NFP Names SVP of Commercial P&C Specialty**
NFP, an Aon company, has appointed Mike Hennessey as Senior Vice President of Commercial Property & Casualty Specialty. Based in San Francisco, Hennessey will report to Brian Bonnell, Managing Director of P&C for NFP’s West Region.
**Veleta Capital Secures Strategic Investment**
Veleta Capital, LLC, a real estate private credit platform focused on multifamily and mixed-use assets, has received a strategic investment from TriPost Capital Partners, a private equity firm specializing in partnerships with middle-market real estate operators and developers. The capital will support the growth of Veleta’s platform and anchor Veleta Fund II, aimed at structured credit opportunities in the multifamily sector.
