Fifth Wall, a venture capital firm focused on proptech and real estate decarbonization, has named Fethi Kirdar as managing director of capital formation.
In his new role, Kirdar will lead coverage of the Middle East and North Africa.
“Since our inception, Fifth Wall has long strived to establish a notable presence in the Middle East, given the breadth of the region’s investment in the global real estate industry,” Brendan Wallace, co-founder and managing partner at Fifth Wall, said in a statement. “We have been fortunate enough to have DAMAC as a partner in Dubai since 2021, as they’ve always been tech and sustainability-forward in their business. We believe regional sovereign wealth funds and real estate firms will increasingly look to take on core leadership roles within proptech and climate through investments in proptech and climate tech funds.”
Prior to joining Fifth Wall, Kirdar led finance and investments for International Media Investments, an Abu Dhabi-based quasi-sovereign media and tech investment firm. Previously, Kirdar was a venture partner at Iliad Partners. He also worked in investment banking at Barclays Capital and Deutsche Bank.
Fifth Wall, founded in 2016, has approximately $3.2 billion in commitments and capital under management.
The New York-based firm’s limited partners include BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts, Ivanhoé Cambridge, Kimco Realty Corporation, Lennar, Lowe’s Home Improvement and Marriott International.