Daniel Kodsi   |   Managing Principal | CEO
Daniel Kodsi is a real estate veteran who has been at the forefront of redefining South Florida’s skylines for decades. In the 1970s, Mr. Kodsi established Royal Palm Companies, a leading Florida-based real estate firm, whose portfolio has generated over 6,000 units across mixed-use developments, multi-family, residences, and hospitality assets. With more than $3.5 billion in completed projects, Mr. Kodsi brings a 30+ year track record of identifying underserved market opportunities and executing complex, large-scale projects to generate value for individual and institutional investors. His latest residential project PARAMOUNT Miami Worldcenter, nestled in the heart of Downtown, has become one of the top-selling residential buildings in Miami Dade County and the landmark tower with the “most amenities in the U.S.” Kodsi is a licensed general contractor and holds a BSBA in Real Estate Finance and a minor in Urban Planning and Architecture from the University of Miami.
Sergio Moises   |   Chief Investment Officer
Sergio brings to the firm more than 20 years of financial management experience in financial modeling, cash flow forecasting, corporate finance, asset management, and financial reporting. Over the course of his career, Sergio has been involved in the successful development or repositioning of more than 8,000 units across the United States. Prior to joining Royal Palm Companies and PARTICIPANT Capital in 2011, Sergio managed over $60 million (more than 12,000 individual instruments) of the firm’s investment in tax lien certificates at the J.I. Kislak Organization, a nationwide real estate management and brokerage firm. He holds a master’s degree in Finance from Florida International University and an undergraduate degree in Business Administration from Universidad del Norte in Barranquilla, Colombia.
Claudio Izquierdo   |   Chief Operating Officer
With years of experience in international investment and business development, Claudio is managing over 60 distributors across the globe. He has a long history of working with institutional investors and ultra-high net worth individuals throughout Latin America. Claudio’s successful career includes impressive achievements at some of the world’s most prestigious investment banks, such as Morgan Stanley, where he rose to the position of Vice President. He also served as a Senior Vice President of Investments at UBS and a Senior Financial Advisor at HSBC. Prior to joining Participant Capital, Claudio enjoyed a successful career as an entrepreneur having established several international export and trading businesses. He is a frequent contributor to a variety of trade and business publications and a sought-after speaker and expert authority on international investment and management products.
Bernardo Lozano   |   Senior Director of Global Distribution
Bernardo Lozano is a seasoned professional with a proven track record in building multiple internationally-focused sales teams. He supports the firm’s efforts in bolstering global distribution capabilities and building strategic partnerships with institutional and individual investors. Prior to Participant Capital, Bernardo served as Head of Business Development at ASG Capital, where he consulted an extensive network of investment advisors on securing and expanding third-party distribution. A significant part of his career was also associated with MFS International and its parent company Sun Life of Canada, where he helped build a multibillion-dollar sales organization for offshore funds and investment contracts.
Andres Valdivieso   |   Director of Global Distribution
With over 15 years of experience in international real estate sales and team management of seasoned distributors and international brokers, Andres focuses on strengthening relationships with strategic partners and expanding the firm’s global distribution capabilities. Prior to Participant Capital, Andres worked with Fortune International Group, where he was recognized as a top producer for three consecutive years. In 2012, Andres moved to New York City to manage the exclusive sales for Trump Soho, a luxury condo-hotel. Selling more than $25M for the project, he was once again named a top-producing executive in the region for his sales and management team efforts.
Nicolas Cuello   |   Global Distribution Associate
Nicolas’ experience in real estate and finance industries combines the perfect expertise needed to provide deep insight into the company’s projects and offerings to the finance world. Nicolas has spent a considerable amount of time in cities like Bogotá, Chicago, and Miami, and has been able to tailor his expertise to these real estate/financial markets.
Karen Malkun   |   Global Distribution Associate
With a BFA in Business Administration and almost ten years of experience in real estate and finance, Karen brings her expertise to financial platforms in international markets seeking alternative investment solutions. Through driving sales goals, business plans, and supporting sales efforts, Karen helps built lasting business relationships with our clients across the globe.
Michael Payson   |   Financial Analyst
With strong business acumen and in-depth analysis skills, Michael is responsible for evaluating and monitoring investment opportunities, portfolio management, research, and product development. Prior to joining Participant Capital, he worked as an Analyst at Moody’s in New York City, conducting research and performing credit analysis for over 350 issuers across a range of industries, including project infrastructure, real estate, higher education, healthcare. Michael graduated from Elon University in North Carolina with a Bachelor of Science degree in Business Administration with a concentration in Finance.
Paula Maccari   |   Sales Support Representative
With extensive experience and proven knowledge of customer service and communication, Paula holds a deep understanding of the sales process and dynamics and also has superb interpersonal and organizational skills. Being fluent in Portuguese, English, and Spanish, she provides high-qualified support to the global distribution team by processing sales leads, managing clients' data, handling regular calls and emails from clients, investors, and financial advisers in a timely and efficient manner.
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Important Information

This document does not constitute an offer to sell or solicitation of an offer to buy securities. Any such offer will be made only by means of the Private Placement Memorandum (“PPM”) of the Participant Capital Growth Fund I, L.P. (the “Partnership”), and will be subject to the terms and conditions contained therein. Please refer to the PPM for a detailed discussion of the fees, terms and risks associated with an investment in the Partner- ship. Interests in the Partnership are offered only pursuant to the terms of the PPM.

Investing in the Partnership involves significant risks not associated with other investment vehicles and is suitable only for persons of adequate financial means who have no need for liquidity. There can be no assurances or guarantees that: (i) the Partnership’s investment strategy will prove successful, or (ii) investors will not lose all or a portion of their investment in the Partnership.

There is no secondary market in Interests and none is expected to develop. Interests may not be transferred or resold and an investor does not have a right to redeem Interests except as permitted only with the written consent of the General Partner and under applicable federal and state securities laws. Investors should be aware that they will be required to bear the financial risks of this investment for the entire term of the Partnership, which is a minimum of five years with the option to renew twice for 1yr intervals.

An investor should consider the Partnership as a supplement to an overall investment program and should only invest if willing to undertake the risks involved. Investors who are subject to income tax should be aware that an investment in the Partnership is likely (if the Partnership is successful) to create taxable income or tax liabilities in excess of cash distributions to pay such liabilities.

There is no guarantee of future performance. The Partnership has no previous operating history and will be entirely dependent on the abilities of the General Partner and Manager. There can be no assurance that either investment-level or Partnership-level targeted returns will be realized or that periodic distributions will be made.

The Fund’s Investments will be subject to the risks inherent in investments in and / or ownership in real estate assets. These risks include, but are not limited to, the burdens of ownership of real property, adverse changes to general and local economic conditions, the supply and demand for properties, fluctuations in occupancy and rates, the financial resources of tenants, changes in environmental and other laws and other variables as outlined in the PPM. The Partnership’s investments may also be adversely affected if the property managers employed by the Partnership perform inadequately or are not adequately supervised by the Partnership.

Because the Partnership may participate in a limited number of Investments, the aggregate Partnership returns may be adversely affected by the unfavorable performance of even a single Investment. In addition, the diversification of the Partnership’s Investments could be even further limited to the extent the Partnership invests a significant portion of its capital in a transaction and is unsuccessful in selling of that Investment. The real estate market can be relatively illiquid at times, which may limit the ability of the Partnership to sell of an asset.