Cain Appoints Arvi Luoma as Chief Investment Officer and Joe Stelzer as Chief Risk Officer
Appointments follow the firm’s sharpened focus on equity-led strategies and ambition to double global assets under management over the next five years.
London / New York – [12 January] – Cain, the global investment manager, has today announced the appointment of Arvi Luoma as Chief Investment Officer and Joe Stelzer as Chief Risk Officer. Both will serve on the firm’s global investment committee as the firm advances its ambition to double assets under management over the next five years.
Working alongside Cain’s Co-Founder and Chief Executive Officer, Jonathan Goldstein, Arvi will help shape the firm’s global investment strategy, oversee capital allocation, and guide portfolio development with direct oversight of investments from origination through execution and long-term asset management, value creation and capital preservation.
Arvi brings more than 20 years of global real estate investment experience and has acquired and overseen more than $10 billion of assets across diverse sectors in over 20 countries, including living, retail, office, industrial and logistics, and hospitality. He joined Cain following its 2024 merger with Blackbrook Capital, the specialist real estate investment manager he co-founded and led as Chief Executive Officer, which launched with €1 billion of committed capital and was built into a pan-European platform spanning eight countries. Since joining Cain, he has led the management and growth of the firm’s European portfolio and played a central role in shaping Cain’s global investment strategy following the merger of Cain’s credit business with Eldridge Capital Management.
As Chief Risk Officer, Joe Stelzer will have responsibility for governance, risk management and capital discipline as Cain scales both its balance sheet and third-party capital. Since joining Cain in 2024, he has overseen the firm’s private equity portfolio companies and special projects, including Trent Rockets, Prezzo Italian, Swingers and Maslow’s. Prior to Cain, he served as Managing Partner at Cavendish Corporate Finance for 10 years and, before that, spent more than 20 years building Polaron, a diversified technology group listed on AIM and later acquired by US Fortune 500 company Cooper Industries.
The appointments come as Cain looks to accelerate the next phase of its global platform, following a decade of growth across multiple geographies and strategies. The firm currently manages approximately $14 billion of assets across four focused investment verticals: landmark developments; living and hospitality; sports and entertainment; and supply chain infrastructure. A number of major projects are scheduled for delivery in 2026, including the reopening of Delano Miami Beach, as well as a 1,000-plus bed UK PBSA portfolio and more than 1.1 million square feet of logistics space across Europe. 2026 will also feature the continued development of One Beverly Hills, the 17.5 acre mixed use urban development in California.
Jonathan Goldstein, co-founder and CEO, 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.”
Arvi Luoma, Chief Investment Officer said:
“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 eighteen 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.”
Joe Stelzer, Chief Risk Officer 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.”