Marc has worked closely with the University for several years. He was a founding member of the Cambridge Land Economy Advisory Board (CLEAB), and last year joined the faculty of the Land Economy Department as a Senior Fellow. Marc teaches Real Estate Development – a required course for the MPhil in Planning, Growth and Regeneration – during the Lent term, bringing his 25 years of experience into the classroom and helping to prepare the next generation of global industry leaders.
Hughes Hall is Cambridge’s oldest graduate college, and has strong links with the Department of Land Economy. The College includes amongst its Fellows Professor Ian Hodge, who headed Cambridge’s Department of Land Economy from 2002 to 2011. Through its unique City Fellows scheme the College appoints Fellows who are active in the City of London to help create closer links to the UK business community, and to bring to the College useful professional skills.
Marc is one of the most experienced and respected principal investors in Europe. Before founding Benson Elliot in 2005 he established and managed the successful Doughty Hanson & Co European Real Estate Fund (42% gross IRR; 4.1x gross equity multiple). At Doughty Hanson Marc directed the acquisition and management of a €2 billion property portfolio, comprising office, retail, residential and industrial properties in eight countries across Europe.
A leader in the emerging markets of Central and Eastern Europe, Marc established the property team at the European Bank for Reconstruction and Development (EBRD) in 1993. He assumed responsibility for the EBRD’s hotel investments in 1995, and shipping finance in 1997. During Marc’s tenure at the EBRD, he was responsible for funding over twenty development transactions in the real estate and hotel sectors, with a total cost in excess of €1 billion. Marc began his European real estate career at Goldman Sachs, which he joined from Chicago-based JMB Realty Corporation.
Marc has a Bachelor of Science degree in Economics, magna cum laude, from The Wharton School of the University of Pennsylvania, and a Master of Business Administration, summa cum laude, from Northwestern University’s J.L. Kellogg Graduate School of Management. In addition to his work with Cambridge and his leadership of Benson Elliot, Marc serves as UK Chairman of the Urban Land Institute, is a visiting lecturer at Oxford University’s Said Business School, a member of the Bank of England Property Advisory Forum, and, in 2011, was elected an Eminent Fellow of the Royal Institution of Chartered Surveyors.
Commenting on his Hughes Hall appointment, Marc said: “I am enormously proud to be appointed to the Fellowship at Hughes Hall. I have great respect for the College’s leadership, its commitment to graduate education, and – perhaps less well-known – its pioneering role in the education of women at Cambridge. This appointment is an important milestone in my affiliation with Cambridge University, and in particular with the Land Economy Department. It remains an honour and a pleasure to share the knowledge gained during a long career in property with students who will someday drive investment activity and public policy in the UK and internationally.”
Sarah Squire, President of Hughes Hall, said: “Marc is a highly respected and well known real estate professional, who has had a significant influence on the property sector during his career – both through his investment activities and his work in the policy arena. He is an inspirational lecturer, and will be a valuable addition to the Fellowship at Hughes Hall. We are firmly focused on providing our students with the best possible preparation for their careers beyond Cambridge, whether academic or professional. Marc’s participation in our City Fellows scheme will afford our business students access to his unique understanding of the global environment and his wealth of public and private sector experience.”