Terry Fancher is the founding principal of Stockbridge and head of the firm’s Platform Business. In this capacity, Terry is responsible for supervising the investment activities of Stockbridge’s large-scale platform investments, as well as commingled real estate opportunity funds.
Formerly, while at PaineWebber and its predecessor, Kidder, Peabody & Co, Terry headed the Real Estate Investment Banking Group. In this capacity, Terry supervised initial public offerings, other equity capital raising transactions, mergers, acquisitions and financial advisory assignments exceeding $30 billion for real estate and lodging companies throughout the United States. Under Terry ’s leadership, PaineWebber was one of the nation’s leading underwriters of real estate equity securities, serving as book-running lead manager for more than 60 separate transactions.
In 2000, Terry led the effort at PaineWebber to form Stockbridge’s first real estate opportunity fund, formerly known as PaineWebber Real Estate Fund I, L.P. (“Fund I”). Following UBS’ acquisition of PaineWebber, Terry led the spinout of Fund I from UBS, resulting in the formation of Stockbridge in April 2003.
Terry received an A.B. in Economics from Harvard College, an M.B.A. from Harvard Graduate School of Business Administration and a J.D. from Harvard Law School.