NBP Capital, LLC entered into a joint venture agreement with Berggruen Properties, a subsidiary of Berggruen Holdings, in 2009. Berggruen Holdings has net equity in excess of $2 billion and acts as the investment vehicle of The Nicolas Berggruen Charitable Trust. Nicolas Berggruen is the chairman of Berggruen Holdings and the founder of the Berggruen Institute, a non-profit, bipartisan think tank dedicated to reshaping political and social institutions. In 2010, Nicolas Berggruen signed the Giving Pledge, a commitment to give more than half his wealth away.
Berggruen Holdings uses proprietary capital, which allows for longer investment horizons, flexibility in financing and swift decision making. Berggruen Properties holds a 70 percent ownership stake in NBP Capital and acts as a passive capital partner. All day-to-day operations are managed by the NBP Capital executive team, while major decisions require consent from Berggruen Properties. Berggruen Properties and NBP Capital share an office in in downtown Los Angeles which enables the teams to work closely and decisively.
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