Buligo Capital, an Israeli real estate firm, is holding its initial public offering IPO on the Tel Aviv Stock Exchange TASE. The company has already raised $20 million, and has reached a total valuation of $100 million. Buligo Capital will begin trading officially on the TASE on Thursday.
Buligo Capital Partners is a global real estate investment firm that provides investors with the opportunity to invest globally alongside experienced operators. Founded in 2012, Buligo specializes in purchasing, developing, building, upgrading and managing US properties in the multi-family housing sector. This constitutes roughly 70% of its business. They also deal with assisted living facilities and commercial centers.
They have offices in Israel and the United States, as well as strategic partnerships worldwide. Buligo boasts that it is able to offer its clients a broad range of investment options for different risk profiles while providing portfolio diversification across geographies and currencies. Every investment, says the firm, undergoes a rigid due diligence and approval process, and Buligo and its operating partners stand behind each opportunity by typically investing in each project.
Buligo Capital founder and CEO Itay Goren said, “The capital raised and access to the capital market will help us move up a league in the quantity and size of projects that we will develop and manage. Buligo will invest directly in properties, alongside its existing investments, and will work to strengthen its capital base and the financial profile of the company.”
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Itay Goren’s primary responsibilities include strategic planning, investment analysis, business development and fundraising. Mr. Goren managed a multi-division operation in a leading Israeli investment firm for over 11 years where he invested hundreds of millions of dollars in equity on behalf of major institutional investors and high net worth individuals. Mr. Goren is a magna cum laude graduate of Tel Aviv University with a BA in Economics and a Bachelor of Laws, and has a Master of Business Administration from Northwestern University’s Kellogg School of Management. Mr. Goren also served as a Major in the Israeli Defense Forces.