Cain, the global investment manager, appoints Arvi Luoma as chief investment officer and Joe Stelzer as chief risk officer. Both will serve on the firm’s global investment committee as the firm advances its ambition to double assets under management over the next five years.
Working alongside Cain’s Co-Founder and CEO Jonathan Goldstein, Arvi will help shape the firm’s global investment strategy, oversee capital allocation, and guide portfolio development with direct oversight of investments from origination through execution and long-term asset management, value creation and capital preservation.
Arvi has more than 20 years of global real estate investment experience and has acquired and overseen more than $10 billion of assets across diverse sectors in over 20 countries, including living, retail, office, industrial and logistics, and hospitality. He joined Cain following its 2024 merger with Blackbrook Capital, the specialist real estate investment manager he co-founded and led as CEO, which launched with €1 billion of committed capital and was built into a pan-European platform spanning eight countries. Since joining Cain, he has led the management and growth of the firm’s European portfolio and played a central role in shaping Cain’s global investment strategy following the merger of Cain’s credit business with Eldridge Capital Management.
Stelzer will have responsibility for governance, risk management and capital discipline as Cain scales both its balance sheet and third-party capital. Since joining Cain in 2024, he has overseen the firm’s private equity portfolio companies and special projects, including Trent Rockets, Prezzo Italian, Swingers and Maslow’s. Prior to Cain, he served as managing partner at Cavendish Corporate Finance for 10 years and, before that, spent more than 20 years building Polaron, a diversified technology group listed on AIM and later acquired by U.S. Fortune 500 company Cooper Industries.
Cain currently manages approximately $14 billion of assets across four focused investment verticals: landmark developments; living and hospitality; sports and entertainment; and supply chain infrastructure.
A number of major projects are scheduled for delivery in 2026, including the reopening of Delano Miami Beach, as well as a 1,000-plus bed UK PBSA portfolio and more than 1.1 million square feet of logistics space across Europe. This year will also feature the continued development of One Beverly Hills, the 17.5 acre mixed use urban development in California.