GROSVENOR FUND MANAGEMENT APPOINTS DONOHUE HEAD OF ASSET MANAGEMENT; KILROY TO HEAD SEPARATE ACCOUNTS

Grosvenor Fund Management (GFM) has appointed William P. Donohue, Jr. to serve as Managing Director and Head of Asset Management in the Philadelphia, PA office. He will be responsible for U.S. real estate assets managed by GFM, with a focus on GFM fund products.

Mr. Donohue has 22 years of experience in real estate acquisitions, asset management, property management, and complex restructurings. He has held positions with Building and Land Technology, Cheswold Real Estate Capital, Alvarez & Marsal Holdings, Gemini Realty Advisors, Coopers & Lybrand, NAI D.G. Hart, and Manhattan Capital Partners, all in the New York City metropolitan area. A Certified Public Accountant, Mr. Donohue holds an MBA degree from New York University and a bachelor’s degree from Princeton University.

At the same time, Robert R. Kilroy, CFA, who joined GFM in 2009 as Managing Director and Chief Portfolio Manager, has been appointed Managing Director and Head of Separate Accounts. In this new role, he will be responsible for oversight of GFM’s existing

single-client accounts and development of new separate accounts. Mr. Kilroy has over 20 years of experience in commercial real estate, including positions with Prudential Real Estate Investors, Summit Properties, and LCOR. He holds a BA degree from Bowdoin College, an MS degree from the London School of Economics, and an MBA degree from Columbia University. He is a CFA Charter Holder.

“Bill Donohue will strengthen GFM’s asset management team as we expand North American investments and operations, creating value for our investors and shareholders,” said Alexia Gottschalch, Joint CEO of GFM’s U.S. operations.

Added Andrew Galbraith, Joint CEO: “Rob Kilroy’s new focus on separate accounts will enable us to strengthen this important aspect of our business, creating custom investment vehicles to complement our various fund products.”