Global investment manager Cain has announced two senior appointments.
Arvi Luoma has been appointed chief investment officer and Joe Stelzer has been appointed chief risk officer. Both will serve on the firm’s global investment committee as it advances its ambition to double assets under management over the next five years.
Luomi (pictured), who has more than 20 years of global real estate investment experience, joined Cain following its 2024 merger with Blackbrook Capital, the specialist real estate investment manager he co-founded and led as chief executive officer.
In his new role, he will work alongside Cain’s co-founder and chief executive officer, Jonathan Goldstein, to help shape the firm’s global investment strategy, oversee capital allocation and guide portfolio development.
Stelzer, who joined Cain in 2024, previously served as managing partner at Cavendish Corporate Finance for 10 years and spent more than 20 years building Polaron, a diversified technology group.
As chief risk officer, he will have responsibility for governance, risk management and capital discipline as Cain scales both its balance sheet and third-party capital.
Goldstein said: “As the business evolves and our capital partnerships deepen, this was the right moment to strengthen investment committee leadership. Arvi has played a central role in shaping Cain’s evolution and brings strong strategic judgement, deep experience across both real estate and credit analysis and a disciplined global investment approach, while Joe has the operational and risk management expertise needed to support Cain as it continues to grow.”
Luoma added: “I believe Cain is a genuinely differentiated and uniquely positioned principal investment firm, with an established leadership team and experienced investment and asset management professionals which will enable us to capture the significant opportunity ahead in line with our global investment ambitions. Over the past 18 months, we have strengthened the foundations across the platform and I am excited to step into this role and help drive our next phase of growth.”
Stelzer said: “Over the past decade, Cain has built a diversified and specialised business, creating a clear runway for growth through innovative deal sourcing and leading global partnerships. That progress has been underpinned by disciplined investment judgement, long-standing rigour around risk and capital allocation and robust operating standards. I am pleased to continue my work at Cain in this new role, reinforcing those disciplines alongside Jonathan and Arvi as we support the firm’s long term growth ambitions.”
