High Performance, Established Leadership
The Fund leverages Cantor Fitzgerald and Capital Innovations' extensive experience in financial markets, asset management, and infrastructure investing.
Cantor Fitzgerald Investment Advisors, L.P.
Cantor Fitzgerald Investment Advisors, L.P. (the “Adviser”) is registered as an investment adviser with the SEC pursuant to the Advisers Act of 1940 (“Advisers Act”). The Adviser is a division of Cantor Fitzgerald Asset Management (“CFAM”), which provides investment management, asset management and advisory services to investors in global fixed income, equity, and real assets markets through the use of mutual funds, exchange traded funds, separately managed accounts, interval funds, non-traded REITs, opportunity zone funds and other private investment vehicles. The Adviser is a wholly-owned subsidiary of Cantor Fitzgerald, L.P. (“Cantor Fitzgerald”).
The Adviser will leverage the size and scale of Cantor Fitzgerald, the parent company of the Adviser, to support the day-to-day management of the Fund.
A Tradition of Excellence
Cantor Fitzgerald’s 77 years of experience through market cycles combined with vertically integrated businesses across real assets, investment management, investment banking and research allow the firm to quickly identify and execute on market opportunities.
With a long-term focus on value creation combined with real-time data from their global market presence, Cantor Fitzgerald is positioned to create best in class investment solutions for its investors.
160+ offices and trading desks located in major financial centers around the world
Maintains an investment-grade credit rating by Standard & Poor’s and Fitch
Across all platforms, Cantor Fitzgerald has more than 12,000 employees worldwide
One of the 25 primary dealers authorized to transact business with the Federal Reserve Bank of New York
Over $118 Billion
In real assets-related transactions in 2022*
Total infrastructure transaction volume since 2018
*Includes originated debt and non-originated debt placement transactions.
Cantor Fitzgerald refers to Cantor Fitzgerald, L.P., its subsidiaries, including Cantor Fitzgerald & Co., and its affiliates including BGC Group, Inc. (NASDAQ: BGC) and Newmark (NASDAQ: NMRK).
The map is a partial representation of offices for Cantor Fitzgerald, L.P., its subsidiaries, including Cantor Fitzgerald & Co., and its affiliates including BGC Group, Inc.
(NASDAQ: BGC) and Newmark (NASDAQ: NMRK)
A Real Assets Specialist
Since inception, Capital Innovations, LLC (the “Sub-Adviser”) has applied a sustainable investment approach to their suite of real assets investment solutions including infrastructure, real estate, commodities, agriculture, and natural resources.
The Sub-Adviser was founded to enable investors to benefit from the transition to a resource constrained economy. Today’s most forward-thinking companies are responding to the challenges and opportunities created by population growth, natural resource scarcity, climate change, urbanization and globalization.
Advised on or invested in more than $9 billion worth of infrastructure opportunities in both public and private markets
Incorporated sustainability and ESG standards into the investment process since inception
Experience through multiple market cycles and economic environments
Decades of infrastructure, real assets and portfolio management experience
Jay Frank is currently the President of Cantor Fitzgerald Capital, a division of Cantor Fitzgerald & Co., as well as Chief Operating Officer and Co-Head of Cantor Fitzgerald Investment Management, which he joined in 2015.
Mr. Frank has spent the last 16 years focused exclusively on the real assets and alternative investment industries. Throughout his career, Mr. Frank has been involved in the creation, structuring, launch, capital formation, management, and monetization of dozens of real assets strategies with over $30 billion in aggregate value.
He has worked closely with wealth management, accounting, tax, and legal firms on the education, due diligence and implementation of sophisticated real assets and cash management solutions including Real Estate Investment Trusts, Interval Funds, Business Development Companies, 1031 Tax Deferred Exchanges, 721 Tax Deferred Exchanges, Qualified Opportunity Funds, and cash management strategies.
Mr. Frank earned a Bachelor of Arts degree in Business Economics with an emphasis in Accounting from the University of California, Santa Barbara. He holds FINRA Series 7, 24 and 63 licenses.
Chris A. Milner
Chris Milner joined Cantor Fitzgerald in 2013 and is currently the President of Cantor Fitzgerald Investors, LLC, Co-Head of Cantor Fitzgerald Investment Management, and President of Cantor Fitzgerald Income Trust, Inc.
Previously, Mr. Milner spent 14 years at BlackRock and was a cofounder of their commercial real estate debt business. Mr. Milner was Global Head of CRE Debt and President of the Carbon Capital series of private real estate debt funds as well as a member of BlackRock’s Corporate Leadership Committee, the Real Estate Executive Committee and the Global Real Estate Investment Committee.
Prior to joining BlackRock in 1997, Mr. Milner was responsible for the origination, underwriting, and securitization of all commercial mortgage conduit production at PNC and was also a member of the PNC M&A team which acquired BlackRock and Midland Loan Services in 1995 and 1998, respectively.
Mr. Milner has completed over 800 real estate debt, equity, and capital markets transactions in North America, Europe, and Asia with an aggregate value of over $37 billion, including raising over $13.5 billion of investor capital.
Mr. Milner received an MBA in finance, with a concentration in real estate, from Indiana University and a Bachelor of Arts degree in economics from DePauw University.
Aaron Wessner is currently the Head of Capital Markets for Cantor Fitzgerald Investment Management at Cantor Fitzgerald, L.P.
Mr. Wessner joined Cantor Fitzgerald in 2011 and during his tenure has held senior capital markets positions within the firm’s commercial real estate debt and equity businesses involving over $6.5 billion of transactions. Additionally, Mr. Wessner has completed over $2 billion of commercial real estate acquisitions in the United States involving multi-family, office, retail and industrial properties.
Prior to joining Cantor Fitzgerald, Mr. Wessner was a co-founder of Park Bridge Financial, a privately-held commercial real estate debt and equity advisory firm providing strategic advisory services to real estate owners and lenders on distressed debt and equity matters.
Mr. Wessner’s previous experience includes positions within Merrill Lynch’s Global Commercial Real Estate Group, where he primarily focused on the distribution of commercial real estate debt including CMBS, whole-loans, B-notes and mezzanine positions. Additionally, Mr. Wessner was a member of Fitch Ratings’ CMBS group and Ernst & Young LLP’s Structured Finance Advisory practice.
Mr. Wessner received a Bachelor of Arts from the University of Miami and a Master of Business Administration from the University of Florida. Mr. Wessner holds FINRA Series 7 and 63 licenses.
Michael D. Underhill
Michael D. Underhill began working in the investment industry in 1989. In 2007, he co-founded the Sub-Adviser with his spouse, Susan Dambekaln, as a research-intensive asset management firm that focuses on innovative infrastructure and real assets investment products across private markets and publicly traded securities.
Prior to founding the Sub-Adviser, he held executive positions at Alliance Bernstein, INVESCO, Janus Capital and Federated Investors.
Mr. Underhill started his career at Lehman Brothers as a quantitative analyst utilizing his statistical econometric background to construct financial models.
Michael graduated from Pennsylvania State University with a B.S. in economics with a curricular emphasis in statistical econometrics. In addition, he has completed post-graduate coursework at Pepperdine University, Stanford Law School and Mercosur’s economic program at the Universidad Del Salvador in Buenos Aires, Argentina.
He is editor of the best-selling “The Handbook of Infrastructure Investing” (Wiley 2010) and a contributing author to the CFA Institute.
Susan L. Dambekaln
Ms. Dambekaln began working in the investment industry in 1992. She co-founded the Sub-Adviser in 2007 with her spouse, Michael Underhill, and is the majority owner. Ms. Dambekaln is responsible for overall portfolio construction and implementation. Her professional focuses at the Sub-Adviser include valuation, risk modeling, performance attribution and trading strategies.
Ms. Dambekaln was previously employed at Strong Capital Management and State Street Global Advisors. She also spent a portion of her career in investment accounting, taxation and investment administration with HR Block and Edward Jones.
Ms. Dambekaln received a B.S. with honors from the University of Wisconsin and has completed graduate coursework from the University of Wisconsin.
William J. O’Connor, Jr., CFA
William O'Connor began working in the investment industry in 1979. Mr. O’Connor is responsible for investment research. His professional focuses at Capital Innovations include equity research and portfolio management.
Mr. O’Connor was previously employed at BMO Global Asset Management – USA, and M&I Investment Management Corp.
Mr. O’Connor received an MBA in finance from the University of Wisconsin, and a BSC in Commerce from Santa Clara University, and is a CFA charterholder.
Board of Trustees
Chairman of the Board
Board of Trustees
William "Bill" Ferri joined Cantor Fitzgerald in January 2022 as Global Head of Cantor Fitzgerald Asset Management after a 25+ year career at UBS.
Since 2017, Mr. Ferri was Head of Americas for UBS Asset Management, during which time his business achieved record asset growth and profitability. From 2007 until departing year end 2021, Mr. Ferri was Group Managing Director, and the longest tenured leader on the UBS Asset Management Executive Board, a tenure during which the business grew to over $1 trillion in assets under management and attained its highest historical profitability.
Mr. Ferri was a key founder of the UBS O’Connor and Hedge Fund Solutions businesses in 2000, which remain leading global hedge fund industry businesses.
Mr. Ferri started his career in 1991 practicing corporate law at Seward & Kissel, and holds a Bachelor of Science in Industrial & Labor Relations from Cornell University (1988), and a Juris Doctor from the University of North Carolina at Chapel Hill School of Law (1991).
Board of Trustees
Douglas R. Barnard has served on the Board of Managers at Prophet Asset Management, a registered investment advisor with over $2 billion under management since July 2015.
Prior to that, Mr. Barnard was the Chief Financial Officer and Executive Managing Director of Cantor from July 2006 until his retirement in April 2015. As Chief Financial Officer of Cantor, Mr. Barnard was responsible for Cantor’s global financial and management accounting, regulatory reporting, treasury and risk functions and also served as a member of multiple boards and committees at the company.
Prior to joining Cantor in July 2006, Mr. Barnard served as the Chief Administrative Officer for Dover Management LLC, an investment management firm, where he oversaw all compliance, finance and administrative functions.
Prior to his tenure with Dover, Mr. Barnard held the position of Managing Director and Controller of the Americas Region at Deutsche Bank AG, where he oversaw all regional financial control during a period of rapid expansion, including the integration of Bankers Trust Corporation. He also served as Chief Financial Officer for Deutsche’s Asia-Pacific Region based in their Singapore office.
Previously, Mr. Barnard was Vice President and Investment Banking Controller at Goldman Sachs & Co., joining the bank from Deloitte Haskins & Sells.
Mr. Barnard earned a BBA in public accounting from Pace University in 1982. He was a certified public accountant and a past member of the Financial Management Division of the Securities Industry Association, the Connecticut Society of CPAs and the American Institute of CPAs.
Current and prior affiliations include the National Forest Foundation and the Corporate Cares Gala supporting the American Cancer Society.
Board of Trustees
Ramona Heine is a founder and shareholder of Heine & Kim Fiduciary Partners LLC, a professional director services business. She currently serves as a director of several public and private US-based investment funds and Cayman domiciled funds managed by global banks and specialized hedge fund management companies with an aggregate of over $20 billion in assets under management. She also serves as a non-executive director on the international corporate board of MUFG Investor Services, which is under the umbrella of Mitsubishi UFJ Financial Group.
From January 2017 through 2018, Ms. Heine was Chief of Staff to UBS’ Fund of Hedge Funds business, Asset Management’s products areas, the Investment Specialists organization, and the asset servicing business. Prior to that, she was responsible for UBS Asset Management’s global product strategy, global pricing, proprietary capital, and product development, as well as mandate solutions for Hedge Funds Solution, the single manager hedge fund business UBS O’Connor LLC, and the UBS infrastructure and private equity fund businesses. Ms. Heine was also responsible for the ongoing servicing and management of the joint venture relationship between the investment manager and the UBS wealth management channel in relation to product features and service level agreements. Prior to that, she handled the set-up and launch of products, advisory relationships, and customized solutions relating to hedge funds and fund of hedge funds for the A&Q product range, which included solutions for both institutional and private clients.
Before joining UBS in 2007, Ms. Heine ran the product development and business strategy for both hedge funds and structured products at Threadneedle Investments Ltd. in London. Prior to joining Threadneedle, she worked at Coronation International Ltd. in London where she oversaw product development and client services of the fund of hedge fund business. Ms. Heine began her career in 1996 at Commerzbank, in Frankfurt, Germany, where she served as an analyst on the asset allocation team in the wealth management division and as a product developer in the asset management division.
Ms. Heine is a CFA Charterholder who holds a post-graduate degree from Frankfurt School of Finance and Management, Germany, and is working to complete an MSC in Sustainable Development at the University of Sussex, the global leader in this field of academics.
Board of Trustees
Louis R. Zurita has over 30 years of experience owning, operating, acquiring, and developing commercial and residential real estate in the United States and the Caribbean. Mr. Zurita is an active investor in the real estate market and currently serves as the managing member of a number of real estate investment vehicle companies.
Mr. Zurita was also the Co-founder and Chief Executive Officer of Viagrupo.com, a leading e-commerce platform in the Dominican Republic, from May 2011 until March 2020. In addition, Mr. Zurita has been a board member of Remate Lince S.A.P.I. de C.V. since 2017.
Previously, Mr. Zurita was a board member for Cantor Futures Exchange L.P. (“Cantor Exchange”) from December 2016 to August 2020 and the Chairman of the Regulatory Oversight Committee of Cantor Exchange from February 2018 until August 2020.
Mr. Zurita has also served as a director of Cantor SPAC IV since December 2020 and as a director of Cantor SPAC V from January 2021 until consummation of its business combination with Satellogic in January 2022.
Mr. Zurita received his MBA from Columbia University, an MS in Dynamics of Organization from the University of Pennsylvania and a B.Arch from Pratt Institute School of Architecture.