Brendan Wallace
CEO & CIO at Fifth Wall
United States
Overview
Work Experience
CEO, CIO, Co-Founder
2017 - Current
Founded in 2017, Fifth Wall is the largest & most active investor in technology for the real estate industry w/ $3.2 billion in assets under management (AUM). Fifth Wall's growth & performance has been driven by its consistent ability to identify and make early investments into category-winning businesses in Protech. Fifth Wall’s portfolio has had seven IPOs and 12 exits, returning over $550 million in gains to its investors from companies like ServiceTitan, Blend, Opendoor, SmartRent and Industrious. Fifth Wall has become the most sought-after VC in Proptech because of its ability to accelerate the revenue of its portfolio companies through distribution to its network of 115 strategic real estate LPs. Since inception, Fifth Wall has added over $700 million in direct revenue to its portfolio companies from its strategic LPs. Fifth Wall's strategic LPs include: CBRE, Mariott, Hilton, Starwood Capital, Related, Equity Residential, Public Storage, MGM Resorts, Kimco, Invitation Homes, Hines, British Land, Camden, UDR, Kilroy, Mitsubishi Estate, Hudson Pacific, Lennar, DR Horton, Macerich, Toll Brothers, Lowe's Home Improvement.
Fifth Wall is a venture capital firm that focuses on technologies for the global real estate industry.
CEO, Co-Founder
2010 - 2014
Before its acquisition by Workday, Identified pioneered an artificial intelligence solution to organize the world's professional information. While at Stanford University, Brendan Wallace & Adeyemi Ajao developed Identified's patented machine learning solution called Systematic Mass Normalization (SYMAN), which went on to revolutionize workforce analytics, recruiting, and talent management. In 2014, Workday, Inc. (WDAY) acquired Identified for $101 million in stock. Identified’s platform and team became Workday Recruiting, which grew to become the most widely used cloud-based recruiting software in the world, generating over $1 billion in annual revenue. Today, more than 50% of Fortune 500 companies use Workday Recruiting to process 36 million job listings and 284 million job applications per year. Identified raised $21 million from notable investors such as Google’s Eric Schmidt, Capricorn Investment Group, and Bill Draper, the founder of the first venture capital fund in the U.S
Founding Investor & Founding Team
2011 - 2012
Cabify is the second largest ridesharing company in Latin America and Spain (after Uber). Cabify has raised $620 million over multiple financing rounds, generates $850 million in revenue, and has been profitable since since 2019. Cabify has 50 million registered users and 1.5 million drivers and taxi operators across 40 cities in Spain, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Uruguay. Cabify is the first carbon-neutral mobility platform in Europe and Latin America. It offsets 100% of its CO2 emissions through wind projects and forestry initiatives. Its goal is to fully decarbonize its Spanish fleet by 2025 and its Latin American fleet by 2030.
Private Equity - Real Estate
2006 - 2009
Transactions: -Equity Office Properties (EOP) $39 billion LBO by Blackstone. The largest LBO in history at the time. - Hilton Hotels $26 billion LBO by Blackstone -Harrah’s Entertainment $31 billion LBO by TPG, Apollo, Blackstone
Investment Banking - Real Estate
2003 - 2006
Transactions: -GMAC $9 billion LBO by KKR -Las Vegas Sands $10 billion IPO -Mervyn’s $1.4 billion LBO by Sun Capital
Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.