Square Mile Capital Makes Executive Changes

Craig Solomon

Square Mile Capital Management is undergoing new executive changes, starting with the appointment of Craig Solomon as its new chief executive officer. Solomon co-founded Square Mile with Jeff Citrin in 2006 and will be responsible for managing all aspects of the firm’s business and investment activities, with oversight by the board of directors.

Among other changes in the company, Citrin will become senior advisor to the firm and vice chairman of the board. He will continue to serve on the investment committees of the firm’s investment vehicles and is expected to continue to help source and shape investment opportunities. 

USAA Partnership

Len O’Donnell, who is the current CEO of USAA Real Estate Co. and who has served on Square Mile’s board since 2012, will become non-executive board chairman.

Square Mile has made strides toward its transformation from a single-strategy opportunity fund sponsor into a multi-strategy real estate platform in a partnership with USAA Realco, building a strong track record on behalf of its investment partners. USAA Realco holds a minority ownership interest in Square Mile and shares several joint investment interests and operational efficiencies. 

Image courtesy of Square Mile Capital Management